On March 14, 2021, Coinbase announced that it would be removing GYEN from its platform. GYEN is a stablecoin that is pegged to the Japanese yen.
This decision was made because Coinbase no longer supports the issuance of new GYEN.
Coinbase is one of the leading cryptocurrency exchanges in the world and it has been increasing the number of assets that it offers its users. However, this does not mean that all assets are welcome on the platform.
In order to ensure that only high-quality assets are listed, Coinbase has a rigorous listing process. Part of this process includes ensuring that the asset meets certain legal and regulatory requirements.
NOTE: WARNING: Coinbase has removed GYEN from its platform. Users should not attempt to buy, sell, or transact with GYEN on the Coinbase platform. The decision to remove GYEN was made due to legal and regulatory issues. Users should be aware of the risks associated with buying, selling, and transacting with any cryptocurrency, including GYEN.
It appears that GYEN did not meet these requirements and that is why Coinbase has decided to remove it from its platform. This is not the first time that Coinbase has removed an asset from its platform.
In 2019, Coinbase delisted Zcash (ZEC) after it was no longer compliant with US regulations.
The removal of GYEN may come as a surprise to some because it is a popular asset on other cryptocurrency exchanges. However, it is important to remember that Coinbase is a US-based company and it must adhere to US regulations.
Other exchanges may have different standards when it comes to listing assets.
The removal of GYEN highlights the importance of regulatory compliance for cryptocurrency exchanges. It also shows that even popular assets can be delisted if they do not meet the requirements of a particular exchange.
9 Related Question Answers Found
In March of 2018, Coinbase, one of the most popular cryptocurrency exchanges, announced that it would be adding support for the Ethereum fork GYEN. This was seen as a positive move by the community, as it would provide more exposure for GYEN and potentially lead to more adoption. However, just a few months later, Coinbase announced that it would be removing GYEN from its platform.
As of September 13th, 2019, GYEN is no longer available on Coinbase. There are a few potential reasons for this. The first is that GYEN was not performing well on Coinbase.
In mid-January of this year, Coinbase, one of the most popular cryptocurrency exchanges, announced that it would be dropping a number of digital assets from its platform. This move came as a surprise to many in the crypto community, as Coinbase is generally known for being quite listing-friendly. So, why is Coinbase dropping?
Coinbase, one of the largest cryptocurrency exchanges, recently deleted a user’s account without any explanation. The user had over $600,000 worth of crypto assets on the platform. This isn’t the first time that Coinbase has deleted a user’s account without any explanation.
On March 26, 2018, Coinbase, one of the most popular cryptocurrency exchanges, went down for several hours. This caused a lot of speculation as to why this happened. There are a few possible explanations.
Cryptocurrency exchange Coinbase is currently the biggest exchange in the US. However, the company has been facing some criticism lately. Some users have complained about the high fees charged by the platform.
It’s been a wild ride for GYEN holders over the past few weeks. First, the token was delisted from Binance without any warning or explanation. This sent the price plummeting, as many holders sold in panic.
As one of the largest and most popular cryptocurrency exchanges, Coinbase has been a go-to platform for many investors and traders. However, in recent months, the exchange has been facing a number of issues that have caused it to go down in popularity. One of the biggest problems that Coinbase has been facing is its customer service.
When it comes to online exchanges, there are very few that can rival Coinbase. The popular platform has been a go-to for those looking to buy and sell cryptocurrencies for years. However, as with any online service, there have been instances of users having their accounts closed for various reasons.
