According to news on November 28, Coinbase Assets issued a statement stating that Coinbase will not support Celo blockchain migration. Due to hard fork migration, users need to transfer CGLD from Coinbase before January 13, 2025. After the hard fork is executed, the Celo L1 network (Coinbase ticker: CGLD) will stop generating blocks, and users will no longer be able to send or receive assets on the Celo L1 network. Previously, Celo stated that its L1 blockchain will be migrated to Celo L2 on January 16, 2025.