One of the greatest exchanges of cryptocurrency based in the United States, Coinbase, has just announced a decision that has left the investors amazed. The exchange should suspend the trade of three same popular in New York. With uncertainty in the air, market reactions have already started to appear because the prices of parts have experienced a sharp drop in value.
Coinbase to suspend trade for 3 crypto
Coinbase has announced that it will suspect crypto trade against three cryptocurrencies, including Floki (Floki), Turbo (Turbo) and Gigachad (Giga) in New York. This decision follows a routine examination of the assets listed on the exchange to ensure that they meet regulatory and compliance standards.
The suspension will take effect on April 14, 2025, around 2 p.m. he. Although the discussion stops only applies to New York, users of other regions will not be affected. However, this decision has raised concerns among merchants concerning the future availability of these tokens in the United States
Why will Coinbase suspect these tokens?
Coinbase frequently examines the active ingredients available on its platform to ensure that they align with its registration standards. Although the exchange has not provided specific reasons to suspend these tokens in New York, this may be due to regulatory rules, legal risks or liquidity problems.
However, New York has some of the strictest cryptographic regulations in the United States, making it difficult for some digital assets to remain in conformity.
Given this environment, it is possible that Floki, Turbo and Giga no longer meet the necessary negotiation criteria within the State.
Tokens prices see strong volatility
Following this news, the price of the token experienced a net decrease, the price of Floki dropped by 1%, while Gigachad experienced a decrease of 13%. Outperforming the other two parts, the Turbo Coin experienced a 3.5% overvoltage per day. This shows that traders do not react completely to news.
