Coinbase has announced the suspension of trading for several memecoins, including Floki (FLOKI), Turbo (TURBO), and Gigachad (GIGA) exclusively for New York residents. The exchange plans to implement this cessation starting April 14, 2025, at approximately 2 PM ET, following a recent review of its asset listing compliance standards.

This decision indicates a shift in landscape for cryptocurrency exchanges aiming for regulatory compliance. Investors in New York should explore their options carefully as the market continues to adapt to new standards and practices.