Coinbase, one of the leading cryptocurrency exchanges, has made an important move to improve overall market health and facilitate liquidity by suspending trading in the non-80 USD market on its various platforms. Here are the details…
Coinbase made an announcement for cryptocurrency pairs
This decision, which affects markets on Coinbase Exchange, Advanced Trade and Coinbase Prime, comes as part of the exchange’s ongoing efforts to provide a robust and safe trading environment for its users Suspension ACH-USDT, AGLD-USDT, ARPA-EUR, ARPA-USDT It includes trading in pairs such as AUCTION-EUR, AUCTION-USDT, BADGER-EUR, BADGER-USDT and others. Coinbase has made it clear that this move is aimed at optimizing the liquidity and trading experience on the exchange, especially for USD markets. This decision is expected to have various impacts on the cryptocurrency trading ecosystem.
Traders actively involved in the affected markets are encouraged to adjust their strategies accordingly. Coinbase has also provided resources and support for users to seamlessly navigate these changes. It is crucial for cryptocurrency investors to stay informed about such changes as they can significantly impact trading strategies and portfolios. Coinbase emphasized the importance of market integrity and user security, assuring users that these measures were taken with the interests of the trading community in mind.
Which trading pairs are delist?
Trading pairs were removed from the Coinbase exchange and other platforms such as Advanced Trade and CoinbasePrime at 22:30 UTC on October 16. The removal of recent trading pairs on Coinbase follows the exchange’s plans to suspend markets announced in early October. Coinbase emphasized that users of the affected platforms will be able to continue trading the markets in “more liquid USD order books” using the exchange’s USDC. “Please note that these markets account for an insignificant amount of Coinbase Exchange’s total trading volume,” the exchange said. The trading pairs in question are given as follows:
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
As previously announced, we have suspended trading on a number of non-USD markets across Coinbase Exchange, Advanced Trade, and Coinbase Prime.
To see the full list of affected markets, please see here: https://t.co/rWCquh0QUr https://t.co/puQxkMKSuM
— Coinbase Exchange 🛡️📞 (@CoinbaseExch) October 16, 2023
The exchange has been suspending trading pairs on its platforms for some time now to increase liquidity. The exchange removed 41 more non-USD markets in mid-September, citing the same reasons. While the exchange removed multiple trading pairs containing USDT, none of the suspended markets included USDC, a stablecoin jointly developed by Coinbase and Circle.
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