Coinbase suspends 80 non-USD trading pairs to improve liquidity

The trading pairs were removed from the Coinbase exchange and other platforms like Advanced Trade and Coinbase Prime at 19:30 UTC on Oct. 16.80 non-USD trading pairs that were eliminated from Coinbase on Oct. 16. Source: Coinbase StatusThe most current trading sets eliminations on Coinbase line up with the exchanges plans to suspend the markets revealed in early October.” Please keep in mind these markets make up an immaterial amount of Coinbase Exchanges overall trading volume,” the exchange noted.@CoinbaseExch frequently keeps an eye on the markets on our exchange.

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Coinbase has been suspending trading pairs on its platforms to improve liquidity for a while. The exchange eliminated another 41 non-USD markets in mid-September, mentioning the exact same reasons. While Coinbase eliminated numerous USDT-containing trading pairs, none of the suspended markets consisted of USDC, a stablecoin co-developed by Coinbase and Circle.Related: Securities regulators oppose unique treatment of crypto in Coinbase caseCoinbases continuous procedures to improve liquidity come in the middle of the exchanges trading volumes tanking this year. According to the cryptocurrency market information provider CCData, Coinbases spot trading volumes for the third quarter plummeted 52% considering that 2022. Other major cryptocurrency exchanges like Binance have actually also seen their area market share supremacy falling this year. According to CCData, Binances spot market share fell for a seventh consecutive month in September 2023, toppling from 55% in early 2023 to 34% in September 2023. Magazine: The Truth Behind Cubas Bitcoin Revolution: An on-the-ground report