Too Much, Coinbase Stops 80 Crypto Pairs!

<p>&nbsp;"There must be a reason why Coinbase is acting this way, maybe it's for its own good."</p><p><br /></p><p>Cryptocurrency giant Coinbase began suspending 80 non-USD trading pairs on October 17, 2023 to improve liquidity and health of the entire digital asset market.</p><p><br /></p><p>However, the pairs facing delisting include Bitcoin (BTC), Tether (USDT) and the Euro linked pairs after Coinbase wants to re-evaluate some aspects of its operations which may affect Coinbase Exchange, Advanced Trade and Coinbase Prime.</p><p><br /></p><p>There is no denying that traders can be affected, but they can maintain access to the pair through USD order books* using their USDC balance and it can keep the trading ecosystem working.</p><p><br /></p><p><br /></p><p>*Electronic list of buy and sell orders for securities or other instruments arranged by price level</p><p><br /></p><p>The consolidation of USDC implemented by Coinbase in April 2023 can allow traders to engage with USD order books, then maintain uninterrupted trading and emphasize the diversity of USDC in deposits, withdrawals or trading operations.</p><p><br /></p><p>While there are many trading pairs affected, Coinbase's collective volume has represented a fraction of its global trading activity on the platform.</p><p><br /></p><p>So here it can be seen that the centralized exchange is powerful in the crypto trading space following its liquidity and wide market access, where Binance and Coinbase manage to dominate various jurisdictions even though the crypto market has to face various challenges.</p><p><br /></p><p>The SEC's indictment of Coinbase for unregistered securities trading and other offenses has undermined investor confidence while Binance revealed its market share is shrinking due to aggressive actions by regulators.</p>