Controversial social media site banned by Coinbase; stirs up crypto Twitter

05 Jan, 2019 | Updated: 05 Jan, 2019
by Will Heasman
Exchange
Controversial social media site banned by Coinbase; stirs up crypto Twitter

Popular yet divisive crypto exchange, Coinbase has caused a rift on social media after the broker banned a controversial, self-proclaimed “free speech” social network (and its founder) from using its services.

This is the second time in less than a year that Gab, the social network in question has been banned from using Coinbase; Back in June last year a similar event happened with Coinbase closing the social network’s account, apparently without any reasoning, Gab responded by calling Coinbase and other centralized exchanges “cancer”:

“Coinbase has banned Gab’s account. Centralized crypto exchanges/wallets are cancer and contradictory to everything crypto stands for”

Now it appears history is repeating itself, with Coinbase banning both the Social network’s account and that of its owner, Andrew Torba:

The account closure came a few hours after a Tweet from Gab championing decentralization and damning censorship from exchanges:

This perceived “censorship” from Coinbase caused a stir in crypto Twitter: 

Torba created Gab in a bid to circumvent censorship from social networks such as Facebook, who Torba believes “suppress conservative articles". Some controversy surrounding Gab has arisen in the past thanks to a lack of moderation; leading to some calling the social network a “haven for white supremacists”. 

However, regardless of Gab’s politics, Coinbase’s seemingly arbitrary account ban does raise some valid questions as to the motives of the popular exchange.

Read more: Youtuber Dr Jordan Petersen moves from Youtube to BitTube following daughters banTime magazine cites Bitcoin's "liberating potential"

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Poll

Is this censorship from Coinbase?

(18 votes)

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that's strange exchange with a good reputation would never do it, just Coinbase got a bad one
05 Jan, 2019 - 17:23
right, or this site also works for Coinbase and then after it got wrong, Coinbase decided to not use it anymore
05 Jan, 2019 - 20:08
It is a pity. hrd to understand that exchange which you used to believe does such awful things
07 Jan, 2019 - 07:37
Coinbase jeopardized its reputation not for the first time..
08 Jan, 2019 - 14:19
I agree that Coinbase is a cancer of Crypto world and we need to treat ourselves from this disease
05 Jan, 2019 - 18:02
It is high time! How much fraud has been done by Coinbase lately. Just awful!
09 Jan, 2019 - 17:52
Unfortunately, there is no cure for this disease. Coinbase must be removed
11 Jan, 2019 - 23:53
found more info about blocks by coinbase
https://cointelegraph.com/news/coinbase-reportedly-bans-personal-account-of-social-media-platform-gab-founder
05 Jan, 2019 - 20:08
really good and fair companies don`t do it. we have to think what company coinbase is
06 Jan, 2019 - 08:03
coinbase looks bad these days, you know
12 Jan, 2019 - 02:43
Do you think Coinbase is really good and fair company? no, it is not!
13 Jan, 2019 - 18:39
why should coinbase care about it? it is not fair exchange and newer used to be it
18 Jan, 2019 - 12:12
I can't believe they started to block accounts for whatever reasons they find or not. It won't be that easy for you to clean up this mess, Coinbase.
06 Jan, 2019 - 09:09
coinbase needed the accoints to block and nothing stops it
13 Jan, 2019 - 06:47
I am completely sure that it is a gravestone on Coinbase history. How can you possibly forgive them for this? Now it is a pure crime.
06 Jan, 2019 - 09:47
There's no way to return back. We clearly see that Coinbase have something to hide from media. I can't believe any promises that Armstorng gives anymore. Get your money out before Fraudbase eat it.
06 Jan, 2019 - 10:15
SImona, I am with you
No more trust in coinbase
06 Jan, 2019 - 17:59
Coinbase made smth that they wanted not asking their users. It is awful to see such things happen.
07 Jan, 2019 - 08:15
They never ask the users what do they need. Coinbase makes shit all the time
13 Jan, 2019 - 19:15
It is not ok to let Coinbase do whatever they want. We should stop this total lawlessness!

07 Jan, 2019 - 08:29
Only the community of users could stop this shit that coinbase is doing
07 Jan, 2019 - 23:39
You are right, man! We have to stop coinbase asap
08 Jan, 2019 - 04:21
We should let all the users know what sh*t coinbase became. It is the worst exchange now.
08 Jan, 2019 - 04:45
Coinbase wants to manipulate world. It’s so awful
08 Jan, 2019 - 20:22
I think Coinbase lost its reputation a long time ago. Sometimes I think that coinbase management does it willfully.
08 Jan, 2019 - 21:54
Several months ago I found that Coinbase is not a reliable exchange providing the insider trading. I don't understand how it is still working in such illegal way ?
08 Jan, 2019 - 22:17
I thought we live in a free society and have the right to vote. Coinbase alienated users from itself with these dirty games
08 Jan, 2019 - 22:34
I hope such fraud as Coinbase will stop its activity sooner than later because I'm tired to see so many fake news about this 'exchange'.
08 Jan, 2019 - 22:58
Several months ago I found that Coinbase provides the insider trading. After that I left this 'exchange' and don't want to come back.
08 Jan, 2019 - 23:54
Exchanges with such a reputation can`t do such things. I don`t believe Coinbase, even after these news
09 Jan, 2019 - 14:50
Coinbase doesnt have anything, except bad reputation, nothing can help them
09 Jan, 2019 - 17:45
Coinbase management does everything what they want. But such activity is not a reliable so I hope Coinbase will loose its place at the market.
09 Jan, 2019 - 20:41
I don't know people who still uses Coinbase in the trading and I hope such amount of people decreases around the world.
09 Jan, 2019 - 22:36
how they can do it?coinbase have no rghits to block accounts all the world is not their
09 Jan, 2019 - 22:49
Coinbase is not a reliable exchange providing the insider trading so I don't see any reasons to join it.
10 Jan, 2019 - 20:22
Yes, I’m so tired to be afraid for my money on Coinbase. I want to choose another exchange…
10 Jan, 2019 - 20:50
Coinbase provides not a serious activity because everyone knows that it provides the insider trading.
10 Jan, 2019 - 21:36
After seeing all the negative news about Coinbase I don't trust it. For me it's enough to know that it provides the insider trading.
10 Jan, 2019 - 22:49
It is awful to see this hings happen. It is awful to see that the exchange I used is a real shit. oh my god...
12 Jan, 2019 - 06:41
I still can't understand how Coinbase by having such a negative reputation didn't stop its activity ? It is absolutely clear that Coinbase is waiting for the end. Hope it will come soon for Coinbase.
13 Jan, 2019 - 19:01
If I'd wanted to say some good words about Coinbase I couldn't find at lest one good word. Coinbase doesn't cause any respect.
13 Jan, 2019 - 19:50
Coinbase is the worst exchange I've ever seen. It absolutely doesn't care about its users so I'd like stop trading ever than join this parody of the exchange.
13 Jan, 2019 - 22:44

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