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Coinbase Halts Meme Coin Trading NY

Coinbase to Suspend Meme Coin Trading in New York

  • Coinbase will halt trading of Floki (FLOKI), Turbo (TURBO), and Gigachad (GIGA) in New York starting April 14, 2025, at 2 PM ET.

  • The suspension follows a review of listed assets but does not remove the tokens from Coinbase’s platform.

  • Market response showed minimal impact: Floki increased by 3.6%, Giga by 1.1%, and Turbo by 5.4% within the last day.

  • The Securities and Exchange Commission clarified that meme coins typically do not qualify as securities under U.S. law.

Coinbase’s decision to suspend trading of certain meme coins in New York comes after a review of its assets, with market reactions showing minor price increases for affected tokens.

Source (2.6)https://decrypt.co/309814/coinbase-to-halt-trading-of-meme-coins-floki-turbo-and-giga-in-new-york?rand=52368
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