FLOKI Team: Coinbase NY Halt “Minimal Impact,” Not a Delisting

• Floki Inu team calls the news of being delisted from Coinbase false, as the token is only being delisted from New York
• New York accounts for only 2-5% of FLOKI’s total volume on Coinbase
• The delisting is likely due to the state’s strict requirements, as other meme coins are being affected as well

The Floki Inu team has responded to recent rumors regarding its alleged delisting from Coinbase, saying that the situation has been misrepresented and taken out of context. While some crypto enthusiasts were alarmed by claims that Coinbase would no longer support FLOKI, the official response denies everything and calls it FUD (fear, uncertainty and doubt).

What is happening though, is that Coinbase is halting FLOKI trading in the state of New York due to regulatory constraints. This change affects only a small part of users rather than FLOKI’s overall trading and liquidity.

The post FLOKI Team: Coinbase NY Halt “Minimal Impact,” Not a Delisting appeared first on Coin Edition.