Coinbase, one of the leading cryptocurrency exchanges, made an announcement regarding the 44 altcoin project. Coinbase announced that it will delist various trading pairs of these altcoins. The cryptocurrency exchange stated that it made this decision in order to improve market health and control liquidity.
Coinbase discontinues 80 trading pairs for 44 altcoins
As you follow on Kriptokoin.com, one of the important agenda topics of the market is the listing and delisting news of the stock exchanges. Cryptocurrency exchanges review the projects they list at regular intervals. As a result, they remove from the list those they decide do not meet the criteria they have determined. Additionally, for various reasons, they stop listing the project in certain parities, if not entirely. In this context, Coinbase announced that it suspended transactions of 44 altcoins in 80 transaction parities. The cryptocurrency exchange announced this development as follows:
Coinbase regularly monitors the markets on our exchange. In order to improve overall market health and consolidate liquidity, we will be removing a number of non-USD trading pairs for certain supported assets. We will suspend trading in the non-USD 80 market from Coinbase Exchange, Advanced Trade, and Coinbase Prime at or around 3:30 PM on October 16, 2023.
https://twitter.com/CoinbaseExch/status/1708922836281151857
List of trading pairs that the cryptocurrency exchange will terminate
Coinbase noted that it is possible for users to continue trading these assets by opting for USDC incorporation. He noted that users will be able to use their USDC balance to trade on both USD and USDC order books. The list of transaction parities terminated by the stock exchange 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, FORTH-BTC, FORTH-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
Coinbase receives Singapore payments license
Cryptocurrency exchange Coinbase has been granted a full payment license to operate in Singapore by the city-state’s central bank, the US-based company said on Monday. The Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) will allow Coinbase to offer digital payment token services to individuals and institutions in Singapore, which has emerged as a hub for crypto in Asia in recent years.
Coinbase, the world’s largest listed crypto exchange, received its first approval in October last year. Singapore is attracting crypto asset companies from countries such as China and India. Coinbase cites survey data showing that 32% of Singaporeans own crypto or have done so in the past. In this context, he says this is a “vital market” for the company.
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