Coinbase Exchange continues to clean up parities in line with the requirements of bear markets. Exchanges like Binance and Coinbase have been focusing on this issue for a while. Weak volume parities and altcoins are being removed from exchanges due to declining volumes and increasing market maker costs. So, which altcoins are affected?
Coinbase Deletes 80 Parities
Coinbase announced a few minutes ago that it will remove a series of non-USD trading pairs for supported assets in order to consolidate liquidity. The following 80 non-USD parities will be removed from Coinbase Exchange, Advanced Trade, and Coinbase Prime on October 16. Investors will continue to trade in alternative pairs. Access COINTURK FINANCE to get the latest financial and business news.
“ACH-USDT, AGLD-USDT, ARPA-EUR, ARPA-USDT, AUCTION-EUR, AUCTION-USDT, BADGER-EUR, BADGER-USDT, BAND-BTC, BAND-EUR, BAND-GBP, BNT-BTC, BNT-EUR, BTRST-BTC, BTRST-EUR, BTRST-USDT, C98-USDT, CTSI-BTC, DESO-USDT, ELA-USDT, ERN-USDT, FORTH-BTC, FORTH-EUR, GAL-USDT, HFT-USDT, IDEX-USDT, IOTX-EUR, KNC-BTC, KSM-USDT, LCX-EUR, LCX-USDT, LQTY-EUR, LQTY-USDT, METIS-USDT, NKN-BTC, NKN-EUR, NKN-GBP, NMR-BTC, NMR-EUR, NMR-GBP, OGN-BTC, PERP-EUR, PERP-USDT, POND-USDT, POWR-EUR, POWR-USDT, RAD-BTC, RAD-EUR, RAD-GBP, RAD-USDT, REN-BTC, REQ-BTC, REQ-EUR, REQ-GBP, REQ-USDT, RLC-BTC, SKL-BTC, SKL-EUR, SKL-GBP, SPELL-USDT, STORJ-BTC, SUPER-USDT, SUSHI-BTC, SUSHI-ETH, SUSHI-EUR, SUSHI-GBP, TRAC-EUR, TRAC-USDT, TRU-BTC, TRU-EUR, TRU-USDT, UMA-BTC, UMA-EUR, UMA-GBP, XYO-EUR, XYO-USDT, ZEN-BTC, ZEN-USDT, ZRX-BTC, ZRX-EUR”
Meanwhile, investors who want to avoid the risk of selling due to the thousands of BTC sent to Kraken exchange are reducing their risk. As a result, the price of BTC rapidly dropped to $27,800. This figure is $750 below the daily peak.
The cumulative volume of cryptocurrencies has reached $42 billion. The increase in volume is among the major requirements for stable growth under current conditions.