Coinbase News: Suspension of Trading for Three Memecoins in New York

Coinbase, a prominent U.S.-based cryptocurrency exchange, has made a significant announcement regarding the trading of three popular memecoins in New York.

Coinbase to Suspend Trading for Three Popular Memecoin in New York

Coinbase, one of the largest U.S.-based cryptocurrency exchanges, has announced that it will suspend trading for three popular memecoin - FLOKI (FLOKI), Turbo (TURBO), and Gigachad (GIGA) - in New York. This decision follows a routine review of the assets listed on the exchange to ensure they meet regulatory and compliance standards. The suspension will take effect on April 14, and has already led to a sharp drop in the prices of these cryptocurrencies.

Bitcoin Rebounds As Coinbase Launches 24/7 Futures

Bitcoin and Ethereum have reclaimed key price levels following Coinbase’s announcement of 24/7 futures trading for both cryptocurrencies. This development comes amid a more favorable regulatory environment under President Donald Trump’s administration, which is more welcoming to crypto innovation than its predecessor. Bitcoin is currently trading at $82,400, representing a 2.4% increase over the past 24 hours, but remains down 6% on the week. The leading cryptocurrency briefly tested lows of $77,400 on Tuesday before recovering.