Coinbase Announces Delisting of 80 Cryptocurrency Pairs, See List

Coinbase, a cryptocurrency broker listed on Nasdaq, announced on Monday (2) the removal of 80 cryptocurrency trading pairs from its platform. The decision comes into effect on October 16, a Monday.

According to the official statement, the moves will take place to “improve the overall health of the market and consolidate liquidity”. Therefore, the cryptocurrencies affected by the decision can still be traded through other pairs within the broker itself.

Another company undergoing a similar restructuring is its biggest rival, Binance. In recent months, Changpeng Zhao’s exchange has already removed more than 100 pairs from its books, citing similar reasons as Coinbase.

Largest US exchange to delist 80 cryptocurrency pairs

The removal of the 80 pairs affects three US brokerage services: Coinbase Exchange, Advanced Trade and Coinbase Prime. While some cryptocurrencies will only have one pair removed, other cryptocurrencies will have up to four removed.

The list of trading pairs being removed from Coinbase on October 16 is as follows:

  • ACH/USDT
  • AGLD/USDT
  • ARPA/EUR, ARPA/USDT
  • AUCTION/EUR, AUCTION/USDT
  • BADGER/EUR, BADGER/USDT
  • BAND/BTC, BAND/EUR, BAND/GBP
  • BNT/BTC, BNT/EUR
  • BTRST/BTC, BTRST/EUR, BTRST/USDT
  • C98/USDT
  • CTSI/BTC
  • DESO/USDT
  • ELA/USDT
  • ERN/USDT
  • VOORTH/BTC, VOORTH/EUR
  • GAL/USDT
  • HFT/USDT
  • IDEX/USDT
  • IOTX/EUR
  • KNC/BTC
  • KSM/USDT
  • LCX/EUR, LCX/USDT
  • LQTY/EUR, LQTY/USDT
  • METIS/USDT
  • NKN/BTC, NKN/EUR, NKN/GBP
  • NMR/BTC, NMR/EUR, NMR/GBP
  • OGN/BTC
  • PERP/EUR, PERP/USDT
  • POND/USDT
  • POWR/EUR, POWR/USDT
  • RAD/BTC, RAD/EUR, RAD/GBP, RAD/USDT
  • REN/BTC
  • REQ/BTC, REQ/EUR, REQ/GBP, REQ/USDT
  • RLC/BTC
  • SKL/BTC, SKL/EUR, SKL/GBP
  • SPELL/USDT
  • STORJ/BTC
  • SUPER/USDT
  • SUSHI/BTC, SUSHI/ETH, SUSHI/EUR, SUSHI/GBP
  • TRAC/EUR, TRAC/USDT
  • TRU/BTC, TRU/EUR, TRU/USDT
  • UMA/BTC, UMA/EUR, UMA/GBP
  • XYO/EUR, XYO/USDT
  • ZEN/BTC, ZEN/USDT
  • ZRX/BTC, ZRX/EUR

“In an effort to improve the overall health of the market and consolidate liquidity, we will be removing a number of trading pairs”Coinbase wrote on its social networks. “We will suspend trading on 80 markets on October 16, 2023 at approximately 3:30 PM ET.”

Following this, Coinbase also notes that these markets represent a very small percentage of the total volume and that the affected cryptocurrencies can still be traded via other pairs.

At the time of writing, several cryptocurrencies mentioned above are showing a slight decline. However, the reason for the decline is related to the fluctuation of Bitcoin, which returned to $27,400 after surpassing $28,000 on Monday with the launch of Ethereum ETFs in the US.

Coinbase shares are also trading slightly lower this morning at the Nasdaq open. Compared to its stock market debut in April 2021, the shares have fallen in value by more than 82%.

Source: Live Coins

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