Coinbase, the well-known cryptocurrency exchange, has revealed plans to discontinue trading support for eight pairs to enhance market integrity and boost liquidity. The company announced that trading on these pairs will conclude on September 15th.
The trading pairs being phased out by Coinbase include $ANKR/EUR, $BAT/$BTC, $BAT/ETH, $COMP/$BTC, $FIL/$BTC, $GRT/$BTC, $JASMY/USDT, and $YFI/$BTC. This move is part of a broader strategy to enhance the trading environment and liquidity on their platform.
It’s essential to note that the discontinuation of these trading pairs does not imply that the underlying crypto assets will be removed entirely from Coinbase. The announcement specifies that this change affects only certain trading pairs, and users may still trade the associated assets through other available pairs on the platform.
Through regular assessments of trading pairs, Coinbase seeks to facilitate a more efficient liquidity distribution and strengthen the market structure within the cryptocurrency sector. Commonly, exchanges remove pairs with low trading volumes or insufficient liquidity to improve order book efficiency.
On September 15th, this adjustment will impact trading pairs for crypto assets such as $ANKR, $BAT, $COMP, $FIL, $GRT, $JASMY, and $YFI. Users are encouraged to review the currently supported pairs for the assets they intend to trade.
Coinbase’s recent decision emerges amid ongoing evaluations by exchanges to safeguard liquidity and uphold market integrity. The company will decide which trading pairs to keep based on the current market offerings on their platform.
*This is not investment advice.