Coinbase To Delist 80 Trading Pairs
Coinbase, the leading cryptocurrency exchange, has announced that it will delist 80 trading pairs from Coinbase Exchange, Advanced Trade, and Coinbase Prime on October 16, 2023. The move aims to improve market health and consolidate liquidity. The delisting process will only include non-USD trading pairs, such as ACH-USDT, AGLD-USDT, BNT-BTC, BNT-EUR, GAL-USDT, SUSHI-BTC, SUSHI-ETH, SUSHI-EUR, SUSHI-GBP, ZEN-BTC, ZEN-USDT, ZRX-BTC, and ZRX-EUR.
Coinbase Advanced Trade users in eligible regions can still trade certain coins using USDC balances. The company suspended certain trading services in September, delisting BarnBridge, DerivaDAO, Jupiter, Multichain, Ooki, and Voyager. Coinbase added support to certain trading pairs, such as Ripple’s native token XRP, in mid-July after a US court ruled in favor of the blockchain enterprise in its lawsuit against the SEC. The ruling boosted XRP’s price by over 70% in a matter of hours. Other crypto exchanges that relisted the token after the partial court victory include Kraken, Crypto.com, and Bitstamp, which removed XRP from their platforms over three years ago.
(With inputs from Shikha Singh)
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