Coinbase News: Suspension of Trading for Meme Coins Floki, Turbo, and Giga in New York

Cryptocurrency exchange Coinbase has made a significant announcement regarding the trading of certain meme coins in New York. Here’s a closer look at what’s happening and what it means for investors and the market.

Coinbase to Halt Trading of Meme Coins Floki, Turbo, and Giga in New York

Crypto exchange Coinbase announced that it is suspending trading of FLOKI (FLOKI), Turbo (TURBO), and Gigachad (GIGA) in New York starting April 14, 2025, at 2 PM ET. While the tokens will remain listed, trading will be suspended for users in the state as part of the exchange’s regular monitoring of its platform. The announcement has drawn speculation from legal experts about a possible pending legal case in NY. Despite the news, the market response has been muted, with Floki gaining 3.6%.

Coinbase Collaborates with 145 U.S. Gov’t Agencies, Delists FLOKI for NY Users

Coinbase is now working with 145 U.S. government agencies and 29 international ones in the evolving cryptocurrency regulatory landscape. Following the launch of the U.S. Strategic Bitcoin Reserve, which has sparked institutional interest in crypto, Coinbase aims to assist governments in securely trading, storing, and utilizing digital assets. The platform has invited government institutions to reach out for crypto-related services. However, Coinbase has delisted FLOKI, TURBO, and GIGA for users in New York.