Coinbase Shocks Crypto Community with Trading Pair Consolidation, Leaving Traders Perplexed

By Lola Coin Jun 26, 202367Views

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Coinbase, a global cryptocurrency exchange, has decided to remove seven trading pairs for certain supported assets on its platform. This move is aimed at optimizing liquidity and improving the trading environment for users. The affected pairs include BNT-GBP, BTRST-GBP, CLV-GBP, DDX-EUR, ERN-EUR, MEDIA-USDT, and TRB-BTC. This is a common action taken by cryptocurrency exchanges to consolidate liquidity by focusing on the most popular assets. It is speculated that Coinbase’s market share in the ETH staking sector has declined due to regulatory pressure. Data shows that Coinbase’s share in ETH staking has dropped to 9.7% from 13.6%. Despite SEC charges, Coinbase has stated its commitment to retaining listed cryptocurrencies and continuing its staking service. In contrast, Binance.US has decided to delist trading pairs and suspend OTC trading activities following its own SEC charges. Binance.US will remove over forty trading pairs from its platform.

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