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 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.
“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.