The cryptocurrency trading platform owned by Coinbase Global Inc. COINhas come under fire for allegedly calling Pepe, a popular internet meme, a “hate symbol” in an email to its customers.
What happened: The email cited a decision by the Anti-Defamation League to add the frog-themed meme to their online hate symbol database in 2016.
Then fans and owners of Pep coin (PEPE) expressed their disagreement with Coinbase’s characterization of the token. This has prompted the exchange to apologize and users to announce their plans to delete their accounts on Coinbase.
David GokhshteinFounder of Gokhshtein Media said: “Coinbase is about to lose many customers because they don’t respect PEPE.”
Another user tweeted plans to delete Coinbase.
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Why it matters: The controversy has sparked a social media frenzy, with the hashtag “#deletecoinbase” receiving more than 15,000 tweets in just two hours.
Crypto twitter Pepe members have also urged executives from several other cryptocurrency exchanges to list the token for trading since then binance listed it on May 5.
However, Coinbase has not yet indicated whether or not it plans to list the Pepe token on its exchange.
Price promotion: At the time of writing, PEPE was trading at $0.000001774, down 8.52% in the last 24 hours, according to Benzinga Pro.
Continue reading: Bitcoin, Ethereum, Dogecoin tumble despite inflation news: Analyst sees altcoins bleed in massive ‘settlement’ against Apex crypto
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