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.
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.