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International Business Times
International Business Times
Business
Marvie Basilan

Coinbase To Suspend $FLOKI, $TURBO, $GIGA Trading In New York: 'Memecoin Supercycle Canceled'

Coinbase Floki New York Crypto Bitcoin
Coinbase is one of the world's largest crypto exchanges. (Credit: Coinbase on X / Video Screenshot)

KEY POINTS

  • Coinbase did not go into detail about the reasons for suspending the coins but it said the tokens went through recent listing reviews
  • The crypto exchange reviews coins regularly to ensure they do not violate any sanctions or regulatory rules
  • Many crypto users are criticizing Coinbase over the decision, with some demanding answers on why $FLOKI trading will be suspended

Cryptocurrency exchange giant Coinbase will suspend trading for three meme coins in mid-April following a review of its listing standards, the exchange announced late Wednesday.

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