Coinbase Tenders Apology to PEPE Community Over Derogatory Email

After the series of backlash and threats received from PEPE memecoin community members, Coinbase finally decided to tender an apology for referring to the frog-character coin as a hate symbol.

Paul Grewal, the chief legal officer of Coinbase posted a tweet on Thursday saying that the American cryptocurrency exchange screwed up and was sorry for linking PEPE to an alt-right group and a “hate symbol”.

“We screwed up and we are sorry. Yesterday we shared an overview of the $pepe meme coin to provide a fact-based picture of a trending topic. This did not provide the whole picture of the history of the meme and we apologize to the community,” he said.

Will Coinbase List PEPE Soon?

His tweet has had over 650,000 views so far and many have applauded the courage and decision to offer an apology.

Another group of fans argues that the apology came in very late, still, many PEPE fans confirmed that they have accepted the apology. At the same time, some of them have requested that Coinbase list the cartoon-characterized memecoin to show true repentance from the initial statement in the email sent to customers. 

Coinbase has not listed PEPE and till now no announcement has been made about a possible listing. Similarly, CoinDCX has made no listing of PEPE and even went ahead to deny any plans to integrate the memecoin in the future. CoinDCX cited users’ security as one of its core responsibilities which it does not intend to jeopardize by listing PEPE.

PEPE Fans Threaten to #DeleteCoinbase

Coinbase sent an email to its customers giving them an overview of PEPE and also referring to the memecoin as a hate symbol used by alt-right groups citing the Anti-Defamation League. The message met with a lot of outrage from PEPE fans and investors who felt insulted by the derogatory statement. Therefore they demanded an apology from Coinbase.

Many went as far as threatening to delete their Coinbase accounts and this caused the hashtag #deleteCoinbase to trend.

PEPE Price Ascension Cools Off

Currently, the memecoin is not doing so well as it did in the beginning of its hype. PEPE is down by over 30% in the last 24 hours and is trading at $0.000001163 by the time of this writing according to CoinMarketCap.