Coinbase Is Not Delisting Floki – Here’s the Truth

Recently, rumors have been circulating about Coinbase delisting Floki ($FLOKI). However, this is not the case.

Coinbase is not delisting Floki (FLOKI) but rather stopping trading in New York due to the state’s strict crypto regulations, according to a report by Coinomedia.

Coinbase has listed only six memecoins in New York this cycle: BONK, PEPE, WIF, FLOKI, TURBO, and GIGA. Notably, the three tokens that were listed in New York 1.5 months ago—FLOKI, TURBO, and GIGA—are now facing the same trading restrictions. This might indicate that the issue stems from New York’s crypto policies.

Coinbase is shutting down trading for meme coin token Floki in New York, but not in other regions. The move comes as the state has imposed some of the strictest cryptocurrency regulations in the U.S.

"We are aware of the FUD circulating about 'Coinbase delisting FLOKI'," Floki announced on Monday in a post on X, formerly Twitter." First of all, this is not true! Coinbase is NOT delisting FLOKI. Instead, Coinbase is only stopping trading in New York, a region that is responsible for a measly 2 - 5% of the total volume on Coinbase at the time of writing."

Coinomedia further reports that New York accounts for 2–5% of Floki’s trading volume on Coinbase, while Coinbase itself contributes about 1% of Floki’s total trading volume globally.

Floki’s strength and future outlook

Floki has consistently proven its resilience as it remains the only memecoin besides Dogecoin (DOGE) and Shiba Inu (SHIB) to have carried over any value from the previous cycle.

Moreover, Floki was recently recognized by the Commodity Futures Trading Commission (CFTC) as a utility token, further cementing its credibility.

With a strong global trading volume and an expanding ecosystem, Floki continues to grow despite regulatory challenges in certain regions. The latest restriction in New York is a minor setback in an otherwise bullish trajectory for the project.