Coinbase, one of the largest cryptocurrency exchanges in the world, has announced that it will delist some altcoin trading pairs on its platform. The decision aims to consolidate liquidity and improve the trading experience for its users.
According to a blog post published by Coinbase on Monday, August 14, 2023, the exchange will suspend trading in the following markets at or around 7pm on Tuesday, August 15, 2023:
- ALCX-EUR
- API3-USDT
- COVAL-USDT
- FOX-USDT
- POLY-USDT
The blog post states that the delisting of these pairs is part of Coinbase's efforts to optimize the trading environment and provide better liquidity for its customers. The exchange also advises its users to cancel open orders in these markets before the suspension date, as all remaining orders will be canceled automatically.
The blog post also clarifies that delisting these pairs does not affect the availability of these assets on Coinbase. Users can continue to deposit, withdraw and trade these assets in other supported pairs.
*Not investment advice.