Improving Liquidity: Coinbase Delists 80 Non-USD Pairs

<p dir="ltr">In its latest drive to improve liquidity, California-based crypto exchange Coinbase (Nasdaq: COIN) removed 80 non-USD trading pairs yesterday (Monday). The removed trading pairs were trading against Tether, Bitcoin, Ethereum, and fiats like the euro and the British pound.</p><p dir="ltr">A Major Delisting Drive</p><p dir="ltr">The crypto pairs were delisted from three <a href="https://www.financemagnates.com/tag/coinbase/">Coinbase</a> platforms: Coinbase Exchange, Advanced Trade, and Coinbase Prime.</p><p dir="ltr">"Coinbase Exchange regularly monitors the markets on our exchange," the exchange wrote in the announcement on Coinbase Status. "In an effort to improve overall market health and consolidate liquidity, we will be removing a number of non-USD trading pairs for certain supported assets."</p><p dir="ltr">Despite being paired against some fiats, most of these pairs are low-volume altcoins. The crypto exchange highlighted that these trading pairs made up an immaterial amount when compared to the overall trading volume of the exchange.</p><p dir="ltr">The <a href="https://www.financemagnates.com/cryptocurrency/sec-asked-coinbase-to-suspend-all-cryptos-except-bitcoin-before-litigation-report/">delisting</a> did not come as a surprise, as Coinbase initially notified users about the move on October 3. The exchange will continue to allow users of the Advanced Trade platform to trade these assets in more liquid USD order books by using your USDC balances.</p><blockquote><p lang="en" dir="ltr"><a href="https://t.co/b86IqqbZGM">https://t.co/b86IqqbZGM</a> Advanced Trade users in eligible regions can still trade these assets in our more liquid USD order books by using your USDC balances: <a href="https://t.co/haE99ewlFd">https://t.co/haE99ewlFd</a></p>— Coinbase Exchange