Coinbase has announced the suspension of trading for FLOKI, TURBO, and GIGA tokens in New York starting at 14:00 UTC on April 14, 2025. This decision follows a recent asset review to ensure compliance with the exchange's listing standards.
Overview of Coinbase's Decision
Coinbase regularly evaluates its listings to ensure compliance with regulatory requirements and internal policies. While trading in these assets has been halted in New York, Coinbase did not indicate whether similar actions would be taken in other jurisdictions. The exchange did not confirm whether the suspension is temporary or if the assets are facing a potential full delisting.
Information on the Tokens
Floki Inu (FLOKI) is a cryptocurrency inspired by an internet meme, just like Shiba Inu (SHIB) and Dogecoin (DOGE). Floki, named after Elon Musk's Shiba Inu dog, was created as a joke coin but it promises more than that with its different application areas. Turbo Coin (TURBO) is a revolutionary memecoin identified by a progressive frog mascot. GIGA Coin is a meme token built on the Solana blockchain, inspired by the popular “Gigachad” meme.
Reasons and Implications
The decision follows a recent asset review to ensure compliance with the exchange's listing standards. These tokens were recently listed on Coinbase-FLOKI in November 2024, followed by TURBO and GIGA in December 2024. While trading in these assets has been halted in New York, Coinbase did not indicate whether similar actions would be taken in other jurisdictions.
The suspension of trading for FLOKI, TURBO, and GIGA in New York highlights Coinbase's commitment to maintaining its standards and regulatory compliance. It also raises questions about the future of these assets on the platform.
