Business

Coinbase To Suspend FLOKI, TURBO, & GIGA For New York Users

Coinbase has announced that it will suspend trading of three meme coins, namely FLOKI, TURBO, and GIGA, for New York users starting April 14th, 2025.

Haider Jamal
March 13, 2025

Legal Concerns

The decision was made following a review of Coinbase’s listed assets. Although the aforementioned tokens will remain listed, trading in New York will be paused as legal experts speculate the move may be related to a pending legal case.

Source: X (@CoinbaseAssets)

Despite the news, market reactions were minimal, with FLOKI up 3.6%, GIGA rising 1.1%, and TURBO increasing 5.4% in the last 24 hours, according to CoinGecko. Elsewhere, Coinbase also received approval to resume crypto trading in India.

Meme Coins Soar

Meme coins have gained significant popularity, partly due to platforms like Pump.fun, which has created over 8.5 million meme tokens since January 2024.

The SEC recently clarified that meme coins are not considered securities, noting that they don’t generate profits or rights to future business income.

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Haider Jamal

Content Strategist

Haider is a fintech enthusiast and Content Strategist at CryptoWeekly with over four years in the Crypto & Blockchain industry. He began his writing journey with a blog after graduating from Monash University Malaysia. Passionate about storytelling and content creation, he blends creativity with insight. Haider is driven to grow professionally while always seeking the next big idea.