Coinbase Banning Services to Social Media Group Stirs Up Twitter Again

Coinbase Banning Services to Social Media Group Stirs Up Twitter Again

Cryptocurrency exchange giant Coinbase has caused a stir on Twitter after excluding social media site Gab and its founder from services.

This is not the first time Coinbase has chosen to single out social network site Gab, having targeted the site in June 2018, closing its account with the San Francisco based company.

Gab launched in August 2016 as a response to censorship controversies involving major social media companies. Founder and CEO Andrew Torba referred to such companies at the time as “the entirely left-leaning Big Social monopoly.”

Although Coinbase gave no explanation for the Gab shutout last June, social commentator Kevin Pham, suggested it might have been in response to a Gab tweet that “crony capitalism” was behind last year’s SEC announcement that Ethereum was not a security.

At the time, Gab’s response to the first ban was “Centralized crypto exchanges/wallets are cancer and contradictory to everything crypto stands for.”

The new ban comes hours after a Gab tweet attacking exchange censorship and extolling the virtues of decentralization. The social network has gained a reputation for allowing expression of views which are controversial with some referring to the social network as “haven for white supremacists”.

Coinbase has made no comment on its actions against the social media company or its CEO, leaving commentators speculating as to the reason it may have had to penalize a customer, and considering if a curb on freedom of expression is within the remit of a cryptocurrency exchange

Follow on Twitter: @BitcoinNewsCom

Telegram Alerts from

Want to advertise or get published on – View our Media Kit PDF here.

Image Courtesy: Pixabay

Want Bitcoin-only Updates?

Weekly news roundups direct to your inbox!

Subscribe for Bitcoin-only Updates

Get weekly news roundups direct to your inbox!


Get Published Now

To promote Hyper-Bitcoinization, we’re inviting all Bitcoiners to share their stories, analysis and opinions with us and get rewarded with Bitcoin!


Stay Informed And Up to Date!

Subscribe To Our Weekly Newsletter

Stay Informed with Breaking News

Get breaking Bitcoin-Only content delivered straight to your inbox every week!

Bitcoin-Only Content Sent Directly to your Inbox!