The listing of the gyen on Coinbase has caused controversy, and many investors are upset about it. Some have filed lawsuits against Coinbase and the gyen issuer, GMO-Z Trust. Some claim they lost millions of dollars. The lawsuit was filed in California and seeks to be certified as a class action suit. Coinbase has worked to be more transparent about its listing decisions.
Coinbase customers are increasingly buying GYEN, according to data published by Coinbase. The stablecoin is pegged to the yen, and is currently worth around one yen. However, its price has not always remained stable, with recent price drops making investors nervous. For this reason, investors are advised to invest only what they can afford to lose.
Coinbase recently experienced a glitch with two of its cryptocurrencies, the GYEN and POWR. This error resulted in users receiving an erroneous credit worth 100 times their original purchases. This caused a lot of controversy in the social media, as many users alleged that Coinbase was committing fraud. However, the Coinbase team was able to fix the problem by rehabilitating most affected accounts on 21 November and all affected accounts by 13 December.
While the GYEN coin continues to rise in price, there is a lot of uncertainty surrounding its future. As with any cryptocurrency, the value of GYEN can fluctuate rapidly. Its value may dip drastically and a sudden news release could derail the upward trend. Therefore, it is important to keep an eye on the latest GYEN coin news to stay informed.
