The largest cryptocurrency exchange in the US region, Coinbase, is taking significant steps. Pairs will be reduced soon. The exchange announced that 41 different pairs will be delisted and one new altcoin will be listed. So, which pairs will be removed and why is Coinbase doing this?
Low trading volume is the most important problem of bear markets, and exchanges are getting rid of weak pairs due to extra costs. We have seen that Coinbase and Binance delisted a significant number of altcoins in a few months. Today’s announcement was about Coinbase deleting 41 different pairs.
“To improve the overall market health and consolidate liquidity, we will remove a series of non-USD trading pairs for supported assets. We have decided to remove the following 41 non-USD pairs from Coinbase Exchange, Advanced Trade, and Coinbase Prime.
ALCX-USDT, BIT-USDT, BOBA-USDT, BOND-USDT, CLV-EUR, CLV-USDT, CTX-EUR, CTX-USDT, DDX-USDT, DIA-EUR, DIA-USDT, DYP-USDT, FARM-USDT, FIDA-EUR, FIDA-USDT, FIS-USDT, HOPR-USDT, INDEX-USDT, KRL-EUR, KRL-USDT, MATH-USDT, MDT-USDT, NCT-EUR, NCT-USDT, NEST-USDT, ORN-BTC, ORN-USDT, POLS-USDT, PRQ-USDT, QSP-USDT, SHPING-EUR, SHPING-USDT, SUKU-EUR, SUKU-USDT, SYLO-USDT, TIME-USDT, WAMPL-USDT, WCFG-BTC, WCFG-EUR, WCFG-USDT, XCN-USDT”
Coinbase also announced that PYUSD, a stablecoin launched by PayPal, will be available for trading on the exchange.