Tag: Flowi

• Coinbase will stop the negotiation of Flowi, Turbo and Giga in New York on April 14, 2025.
• The decision caused a debate about accessibility and regulatory challenges for memecoins.
• Floki and Giga prices have fallen, while the price of turbo currency has experienced a modest increase.

Coinbase Inc., an important cryptocurrency bag from the USA, has announced that the three trend memecoins trade, Floki Inu (Floki), Turbo Coin (Turbo) and Gigachad (Giga), will be suspended in New York from April 14, 2025.

This decision, rooted in the process of reviewing Coinbase routine assets, underlines the stock market commitment to regulatory compliance.

The suspension, effective at 2 PM ET, will affect platforms such as Coinbase.com (both simple and Advanced Trade), Coinbase Exchange and Coinbase Prime.

However, this restriction is exclusive to New York, leaving Floki Crypto, Turbo Coin Crypto and Gigachad (Giga) available to negotiate in other places in the global Coinbase network.

Market reaction

The price of the Floki currency has fallen 3.6% and that of Gigachad (Giga) by 18.1%, while Turbo has increased an impressive 2% in the 24 hours after the news.

Turbo resilience suggests that investors and their holders have not been affected by the specific suspension of New York. It should be noted that these memecoins are relatively new incorporations to the coinbase list.

Floki Inu debuted on the platform in November 2024, followed by Turbo Coin and Gigachad (Giga) in December 2024. His arrival caused notable price peaks, a distinctive seal of the so -called “coinbase effect”, where the contributions boost the value of the tokens.

Floki and Turbo Coin cryptocurrencies experienced significant profits after their inclusion in Coinbase, since investors rushed to buy them, a trend that Gigachad (Giga) reflected.

However, since then, memecoins have experienced great volatility, with two -digit falls during the last month.

The strict New York regulations

Coinbase’s decision has generated controversy quickly. Legal experts speculate that a pending case in New York could be influencing the decision of Coinbase Inc., although the platform has not confirmed this theory.

Others believe that the strict regulations of New York could be the reason for the suspension. Known for its firm position on cryptocurrencies, the state framework contrasts with the recent failure of the US stock and values ​​commission. UU. Which establishes that memecoins such as Floki Inu and Turbo Coin do not qualify as values.

This distinction, based on its lack of performance or rights over assets, can determine how Coinbase navigates regional regulations.

Critics in the Crypt community argue that the suspension harms the holders of Turbo Coin with headquarters in New York and the Floki Coin enthusiasts, limiting their negotiation options.

Abrupt interruption has fed debates about accessibility, and some question why Coinbase would restrict active such as cryptocurrency floki in such a key market.