Coinbase, one of the largest cryptocurrency exchanges in the world, has recently labeled the popular internet meme Pepe the Frog as a hate symbol. This decision has sparked controversy and backlash from some users, who are now calling for a boycott of the exchange.
Pepe the Frog is a cartoon character that first gained popularity on the internet in the early 2000s. However, in recent years, the character has been co-opted by far-right groups and used as a symbol of hate and bigotry. This has led to the Anti-Defamation League (ADL) adding Pepe to its list of hate symbols in 2016.
In a recent blog post, Coinbase stated that it would not allow the trading of any assets that are associated with hate groups or hate speech. The post specifically mentioned Pepe the Frog as an example of a hate symbol that would not be allowed on the platform.
Coinbase’s decision has been met with mixed reactions. Some users have praised the exchange for taking a stand against hate speech, while others have criticized the decision as an overreach and an attack on free speech.
Backlash and Calls for Boycott
The backlash against Coinbase’s decision has been swift, with many users taking to social media to express their displeasure. Some users have even called for a boycott of the exchange, arguing that Coinbase’s decision is an attack on free speech and an attempt to censor certain viewpoints.
However, others have pointed out that Coinbase is a private company and has the right to decide what assets it allows on its platform. They argue that the exchange is simply taking a stand against hate speech and bigotry, and that users who disagree with this stance are free to take their business elsewhere.
Coinbase’s decision to label Pepe the Frog as a hate symbol has sparked controversy and calls for a boycott. While some users have praised the exchange for taking a stand against hate speech, others have criticized the decision as an attack on free speech. Ultimately, it is up to each individual user to decide whether or not they want to continue using Coinbase as their cryptocurrency exchange of choice.