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Bitfinex Delisted 87 Trading Pairs Due to Low Liquidity
24 March 2020 16:02, UTC
By Anna Martynova
Bitfinex cryptocurrency exchange conducts spring cleaning, as a result, 87 trading pairs with inadequate liquidity were removed from the trading list. The total delisting for March reached 133 trading pairs. According to Bitfinex CTO Paolo ARDOINO, the catalyst was insufficient liquidity and low trading volume. Ardoino also added that this step was made to optimize trading activity: Bitfinex is trying to concentrate coin liquidity in one trading pair, such as the US dollar.
Among the delisted trading pairs there are well-known in the crypto industry. These include Bancor (BNT), Request (REQ), Polymath (POY), Storj (STJ), QASH (QSH), Zilliqa (ZIL), SpankChain (SPK), UTRUST (UTK). Trading pairs with ETH are also delisted, including Decentraland (MANA) and Qtum (QTM).
Bitfinex is one of the leading exchanges on the crypto market, especially for BTC traders. It was one of the few which steadily went through the period of a major BTC fall, when BitMEX and Deribit, as well as Binance, had problems. At the beginning of the year, the market looked rather optimistic, but global events influenced it. It is currently unclear whether Bitfinex planned delisting in advance. At the moment, the exchange is trying to exclude from the list of coins the projects of 2017, to which interest has so far been lost.
Image courtesy of The Block Crypto
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