{"id":152925,"date":"2025-03-13T13:24:04","date_gmt":"2025-03-13T11:24:04","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=152925"},"modified":"2025-03-13T13:24:04","modified_gmt":"2025-03-13T11:24:04","slug":"coinbase-suspends-meme-coin-trading-in-new-york-amid-regulatory-scrutiny","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/coinbase-suspends-meme-coin-trading-in-new-york-amid-regulatory-scrutiny\/","title":{"rendered":"Coinbase Suspends Meme Coin Trading in New York Amid Regulatory Scrutiny"},"content":{"rendered":"<p>The <strong><a href=\"https:\/\/x.com\/CoinbaseAssets\/status\/1899919015952162842\" rel=\"nofollow\">decision<\/a><\/strong> follows a review of the platform\u2019s listed assets. Although these tokens will remain on the platform, users in New York will no longer be able to trade them. This move is part of Coinbase\u2019s ongoing platform monitoring.<\/p>\n<p>Legal analysts have quickly speculated that this might be linked to an ongoing legal case in New York, as suggested by Ariel Givener, a legal expert on X.<\/p>\n<p>In another development, Coinbase has received approval to offer cryptocurrency trading in India, marking a significant step toward re-entering one of the world\u2019s largest crypto markets. The exchange had previously exited India in 2023 due to regulatory challenges but plans to resume services later this year.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-152844\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-poised-for-a-breakout-as-liquidity-grows-says-raoul-pal\/\" title=\"Bitcoin Poised for a Breakout as Liquidity Grows, Says Raoul Pal\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/pexels-bitcoin-ai-generated-8677233_1280-1-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin Poised for a Breakout as Liquidity Grows, Says Raoul Pal<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>The decision to list Floki in November 2024 had triggered a five-month price surge for the token, while Turbo and Gigachad saw significant gains after their listing announcements in December. These price fluctuations are often attributed to the \u201cCoinbase Effect,\u201d where coins gain momentum following their roadmap or exchange listing but eventually stabilize.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase has announced that, as of April 14, 2025, it will stop trading three popular meme coins\u2014Floki (FLOKI), Turbo (TURBO), and Gigachad (GIGA)\u2014for users in New York.<\/p>\n","protected":false},"author":3,"featured_media":1996,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24,22],"tags":[280,424,225,108],"coin_category":[],"class_list":["post-152925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","category-others","tag-coinbase","tag-crypto","tag-floki","tag-price"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin 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