Coinbase eradicates 80 non-USD trading pairs, including notable cryptocurrencies and fiat currencies.
The objective is to consolidate liquidity and enhance overall market health.
Prioritizing Market Health: Coinbase’s Strategic Move
Coinbase, a renowned cryptocurrency exchange based in the United States, has embarked on an assertive mission to refine its platform’s liquidity. A significant step in this direction is the recent suspension of 80 non-USD trading pairs, a move that encompasses major cryptocurrencies such as Bitcoin and stablecoins like Tether, in addition to fiat denominations like the euro.
In an announcement made on October 16th, Coinbase elaborated on its intent, pinpointing the goal to
“amplify overall market health and fortify liquidity.”
These trading pairs were systematically removed from various platforms under the Coinbase umbrella, including Advanced Trade and Coinbase Prime, at precisely 19:30 UTC on the same day.
As part of its proactive measures to main
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