In a surprising twist for crypto enthusiasts and meme coin traders alike, Coinbase has officially announced it will delist the increasingly popular FLOKI, Turbo, and Gigachad from its New York platform. On March 13, the cryptocurrency exchange shared this news via X, with the delisting set to take effect on April 14, 2025. With FLOKI and its peers suffering significant price drops—FLOKI down nearly 16%—this raises a broader concern: Are these meme coins facing regulatory headwinds as they navigate the complex and often murky waters of compliance in New York? As discussions around asset reviews heat up, it’s clear that the fate of these tokens might rest on much more than just market sentiment. Curious about the details behind this decision? LEARN MORE.
Key Notes
- Coinbase said that it will delist FLOKI (FLOKI), Turbo (TURBO), and Gigachad (GIGA) in New York.
- In the past seven days, FLOKI crashed 15.98%, TURBO dropped 16.40%, and GIGA nosedived by 29.11%.
- FLOKI revealed that New York accounts for only 2-5% of Coinbase’s FLOKI trading volume
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On March 13, Coinbase took to X to announce its decision to suspend trading for FLOKI (FLOKI), Turbo (TURBO), and Gigachad (GIGA) in New York.
This change will take effect on April 14, 2025, at 2 PM ET. The exchange cited a routine asset review as the reason behind the move.
However, this decision has fueled speculation regarding regulatory compliance and legal challenges, particularly in the strict regulatory environment of New York.
