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.
There are a few possible explanations for why this decision was made. One possibility is that Coinbase simply changed its mind about supporting GYEN.
Another possibility is that there was some sort of issue with GYEN that made it unsuitable for Coinbase’s platform.
NOTE: Warning: GYEN has been removed from Coinbase without any prior notice. This means that holders of GYEN will not be able to access their funds and will not be able to trade, transfer, or withdraw GYEN from the platform. Please use caution when considering investing in GYEN and thoroughly research any potential risks associated with the currency before investing.
It’s also worth noting that GYEN is not the only cryptocurrency to be removed from Coinbase in recent months. In January of 2018, Coinbase announced that it would be discontinuing support for the ZRX token.
Like GYEN, this decision was also met with some surprise and confusion from the community.
Ultimately, we may never know exactly why Coinbase decided to remove GYEN from its platform. However, the move does seem to be part of a larger trend of the exchange becoming less friendly to altcoins and smaller projects.
This is likely due to Coinbase’s increasing focus on becoming a regulated financial institution. As such, we can expect to see fewer small projects supported on Coinbase in the future.
4 Related Question Answers Found
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.
It’s no secret that Coinbase is one of the most popular cryptocurrency exchanges. They offer a user-friendly platform and have built up a large user base. However, there are some drawbacks to using Coinbase.
It’s a question that’s been asked since the early days of Bitcoin. Coinbase, one of the world’s most popular cryptocurrency exchanges, doesn’t allow its users to sell GYEN. The reason behind this is because Coinbase doesn’t want to deal with the regulatory issues that come with listing a new asset on its platform.
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?
