© Reuters Coinbase’s Bold Move: Pepe Coin declared a symbol of hatred, Internet users react
- Coinbase (NASDAQ:) recently published a newsletter in which they called Pepe Coin a symbol of hate.
- This sparked controversy as the community began to heavily criticize Coinbase for its statement.
- #deletecoinbase is now trending on Twitter.
Coinbase’s recent newsletter sparked controversy for its commentary on Pepe Coin. The exchange has dedicated a section to talk about Pepe Coin. The email newsletter described Pepe Coin as a hate symbol for alt-right groups. This particular comment sparked controversy, with the exchange receiving backlash for the statement.
A well-known crypto-influencer, Borovik.eth, recently shared a screenshot of the email newsletter with its massive 96,000 user count. The newsletter referred to a decision by the Anti-Defamation League in 2016, stating that the frog-themed character Pepe was included in their database of online hate symbols.
Why is @coinbase sending emails telling people that $pepe is an alt-right hate symbol? ? pic.twitter.com/UNzClQlwwv
— borovik.eth (@3orovik) May 11, 2023
The Pepe Coin community was outraged by the description of the coin and users started demanding apologies to delete their accounts. A Twitter user also defended PEPE and said he would close his personal and business accounts with Coinbase, switch to Kraken, and urged users to bypass COIN.
The #deletecoinbase hashtag is trending on Twitter, and David Gokhstein, the founder of Gokhstein Media, tweeted that Coinbase is about to lose a lot of customers for this lack of respect. The hashtag is gaining traction, with more than 413,980 tweets already, according to data from TweetBinder.
Pepe Coin has gained traction in less than a month since its inception. It has also bagged listings on major exchanges like Binance, with users demanding listings on other exchanges as well. However, PEPE is down 61% in the last 6 days when it hit an all-time high.
Coinbase’s Bold Move post: Pepe Coin said symbol of hate, Netizens React appeared first on Coin Edition.