A post by @CoinbaseAssets on X.

Coinbase said the conversion of Aerodrome Finance (AERO) and Velodrome Finance (VELO) into the new Aero (AERO) token is complete, and that sends and receives for both AERO and VELO have been re-enabled on the exchange. The migration consolidates the two related DeFi tokens into a single asset, simplifying custody and transfer for Coinbase users who held either position. Trading and transfer functionality had been paused during the swap, so the reopening restores liquidity access for holders. The move matters because Aerodrome and Velodrome are among the largest venues on their respective chains, and a unified token could reshape how liquidity is incentivized across both. Next, watch whether the consolidated AERO attracts deeper pools and volume on Coinbase relative to the legacy tokens, and whether other venues follow with their own conversion support.