Bitfinex to Delist 46 Cryptocurrency Trading Pairs on March 6
Bitfinex, the 11th largest cryptocurrency exchange based on daily trading volume, is set to delist 46 crypto trading pairs. According to a blog post published on March 2, these trading pairs have been experiencing low liquidity on the platform hence will face removal on March 6, 2020.
Delisting Will Improve Liquidity on Bitfinex
Bitfinex says removing trading pairs is a common way to increase liquidity in the stock market. It will also result in an optimized and efficient shopping experience for the customers.
Thirty of the trading pairs due to be eliminated on March 6 contain a long list of altcoin trading against Ethereum. Some of the altcoins included in this trading pair are Nucleus Vision (NCASH), Lympo (LYM), Fusion (FSN), and many others.
The 16 trading pairs to be eliminated will be altcoins that are traded for Bitcoin (BTC). Some of the partners include Hydro Protocol (HOT / BTC), Nectar Token (NEC / BTC), AidCoin (AID / BTC), Medicalchain (MTN / BTC) and Essentia (ESS / BTC).
Some of the other trading pairs include two altcoin trades against Dai (DAI), OmiseGO (OMG), and 0x (ZRX). There is also a trading pair with the Japanese yen, namely XVG / JPY.
The exchange recommends that users cancel all open orders with the mentioned trading pairs before March 6 at 10:00 UTC. Otherwise, the open order will automatically get canceled by the system.