Bitfinex to Remove 46 Cryptocurrency Trading Pairs from its Platform on March 6
Bitfinex, the 11th largest cryptocurrency exchange based on daily trading volume will be delisting 46 cryptocurrency trading pairs on its platform. According to a blog post published on March 2, these trading pairs will be removed on March 6 due to low liquidity on the platform.
Bitfinex stated that the delisting of trading pairs is a common way of improving liquidity on the exchange. It will also lead to a more optimized and streamlined trading experience for its customers.
30 of the trading pairs to be removed on March 6 includes a long list of altcoins trading against Ethereum. Some of the altcoins included in those trading pairs are Nucleus Vision (NCASH), Lympo (LYM) Fusion (FSN), and many others.
16 trading pairs to be removed will be altcoins trading against Bitcoin (BTC). Some of the pairs are Hydro Protocol (HOT/BTC), Nectar Token (NEC/BTC), AidCoin (AID/BTC), Medicalchain (MTN/BTC), Essentia (ESS/BTC), among others.
Some other trading pairs includes two altcoins trading against Dai (DAI); OmiseGO (OMG) and 0x (ZRX). There is also one trading pair with Japanese Yen which is XVG/JPY.
The exchange recommended users to cancel all open orders with the mentioned trading pairs before March 6, 10:00 AM UTC. However, if that is not done, the open orders will be automatically cancelled by the system.
Featured image courtesy of Shutterstock. Source: Cryptopress.