Coinbase is under fire from the crypto community after sending an email to its customers calling Pepe Coin (PEPE) a “hate symbol” used by alt-right groups.
The email has sparked outrage, with some calling for a boycott of the US-based crypto exchange. The email, which referenced a 2016 Anti-Defamation League decision, was shared on social media by popular crypto influencer Borovik.eth.
Pepe Coin supporters and users are outraged after Coinbase referred to the crypto project as a “hate symbol” in an email to customers, with some calling for an apology and others urging users to delete their Coinbase accounts.
One Twitter user, “Kenobi,” expressed support for Pepe Coin and announced plans to transfer funds to Gemini, using the hashtag “deletecoinbase.”
Will This Affect the Chances of Coinbase Listing Pepe Coin?
After Coinbase referred to the trending memecoin as a “hate symbol” in an email to its users, many Pepe Coin supporters have left the exchange and moved to Gemini. As a result, Gemini has become the 24th largest holder of Pepe Coin since listing the token recently.
The recent email from Coinbase referring to Pepe Coin (PEPE) as a “hate symbol” used by alt-right groups has led to a backlash from supporters and users, with some calling for a boycott of the U.S.-based crypto exchange. Pepe Coin fans are now flocking to Gemini, which has become the 24th largest holder of the token since listing it.
It remains to be seen if Coinbase will list the project. Despite gaining over 2680% in less than a month, PEPE has fallen 8.4% in the last 24 hours and is trading at $0.00000164 at press time.