Swapping VELO into AERO: what to do before November 2

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Velodrome and Aerodrome are merging into Aero, and Coinbase converts all VELO holdings into the new AERO from November 2 to 4. Trading is already restricted, and anyone who self-custodies has to act independently.If you hold VELO, it becomes a different token in November. Velodrome and Aerodrome, the two largest decentralised exchanges on Optimism and on Base, are merging into a single protocol called Aero. At Coinbase the swap runs from November 2 to November 4, 2026; for each VELO you receive around 0.044 new AERO, and the exchange takes no fee for it. Anyone holding VELO in their own wallet, however, is not covered by this swap at all and has to act themselves. November 2 is not actually the date on which things get tight for you. They get tight earlier: at Coinbase, VELO can already only be traded with a limit order today, and the exchange no longer accepts a plain market order. Anyone assuming there is time until November to sell the position in the normal way is therefore ...