US-based cryptocurrency exchange Coinbase has decided to close trading pairs in USDT and some other parities for 38 different altcoins.
Coinbase delists these 38 altcoin trading pairs
Coinbase announced that it will stop trading some altcoins in markets other than USD as of 19:00 Turkey time on September 13, 2023. The exchange stated that this step was taken to “improve overall market health and consolidate liquidity.” The suspended trading pairs include various cryptocurrencies and different fiat currencies or stablecoins such as USDT. Here are the listed trading pairs:
- ALCX-USDT
- BIT-USDT
- BOBA-USDT
- CLV-EUR
- CLV-USDT
- CTX-EUR
- CTX-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
- 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 users will be able to continue buying and selling these altcoins for US Dollars (USD). However, transactions with delisted parities will no longer be possible. This development was part of Coinbase’s regular market scan. It also shows that it makes interventions when necessary to offer its users a healthier transaction environment.
According to the official announcement, the decision will help the exchange further consolidate liquidity in the altcoin market. At the same time, it contributes to increasing the transaction volume of certain projects. But such steps could also negatively impact some investors. For example, some members of the altcoin community oppose the Coinbase announcement.
These 2 altcoins rally with Coinbase listing announcement
cryptokoin.com As we reported, Coinbase announced that it opened its list for VeChain (VET) and VeThor (VTHO) yesterday. Following the news, altcoin prices gained around 50%.
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