Coinbase, a cryptocurrency exchange based in the US, is suspending 80 trading pairs, including those with cryptocurrencies like Bitcoin, Stablecoin like Tether, and fiat currencies like the euro.
The removal of trading pairs aims to improve “overall market health and consolidate liquidity,” as per the announcement of Coinbase on October 16. The Coinbase exchange and other platforms like Advanced Trade and Coinbase Prime removed the trading pairs at 19:30 UTC on Oct. 16.
The Coinbase already announced plans to delist these trading pairs in early October. According to Coinbase, users of the impacted platform can still use their USD Coin balances to trade the markets in its “more liquid USD order books.”
Coinabase has been suspending trade pairs on its platforms to increase liquidity for a while. For the same reason, the exchange eliminated an additional 41 non-USD markets in mid-September.
Also Read: Coinbase’s Legal Push: SEC Crypto Rulemaking Order
