Coinbase, a major cryptocurrency exchange, received criticism for referring to Pepe (PEPE), a meme-inspired token, as a "hate symbol" in a newsletter to its customers. Pepe, which has gained popularity in the crypto world since its launch three weeks ago, is based on the Pepe the Frog meme, which originated as a comic-strip character nearly two decades ago. Coinbase noted that Pepe has been co-opted as a hate symbol by alt-right groups, causing an uproar among supporters of the Pepe-inspired token. Critics accused Coinbase of spreading misinformation and stigmatizing an entire community of users.