Bitfinex to Remove 87 Crypto Trading Pairs from its Platform Due to Low Liquidity Levels

News / 21.03.2020

Crypto exchange giant Bitfinex has announced to delist 87 crypto trading pairs from its platform due to low liquidity levels. The pairs will cease to be traded on the platform from March 26, 10:00 AM UTC

According the announcement, this decision will serve to consolidate and improve liquidity on the exchange. The exchange also said the measure will lead to a more streamlined and optimized trading experience for its users.

The company claims it took the decision after monitoring those pairs for 6 weeks and found a consistent low liquidity level. After the cleanup, the exchange can now concentrate in fewer pairs with high liquidity.

Some coins are going to have both their BTC and ETH pairs removed and they include, Dether (DTH), DATA (DTA), Bancor (BNT), SingularityNET (AGI), Request (REQ), WePower (WPR), QASH (STJ), WAX (SPK), 0chain (WAX), Aventus (ZCN), Polymath (RCN), SpankChain (ZIL), UTRUST (WPR), among others.

Among those who will have only their ETH pairs removed are, Dragonchain (DRN), Monolith (TKN), Essentia (ESS), Hydro Protocol (HOT), Content Neutrality Network (CNN), MobileGO (MGO), Melon (MLN), Enjin Coin (ENJ) VeChain (VET), Kyber Network (KNC), Decentraland (MANA), Qtum (QTM), and Internet Node Token (INT), among others.

Similarly, 10 coins are also going to have only their BTC pairs delisted. They include, Cortex (CTX), Fusion (FSN), Mithril (MITH), Aelf (ELF), Project Pai (PAI), Cindicator (CND), Recovery Right Token (RRT), Auctus (AUC), FunFair (FUN) and Seer (SEE).

There are some which will also have their Tether pairs removed and they are Gatechain Token (GTX), ZB Token (ZB), and Dragon Token (DT). Verge will also have some fiat pairs such as XVG/EUR and XVG/GBP being removed.

It is important to note that, the tokens are still available for trading on the exchange until the March 26. However, users are being reminded to cancel any open orders with the above trading pairs before the date. Also, all remaining open orders will automatically be cancelled by the system.

This has been the second time in March that Bitfinex has taken such move. Last two weeks, the exchange similarly announced the removal of 46 crypto trading pairs due to low liquidity.

Featured image courtesy of Shutterstock. Source: Cryptopress.

Dacosta Osei-Tutu, a first degree holder in Nursing, who couples his Nursing career with blockchain blogging, has a great passion for the blockchain technology and aims to play a vital role in applying this revolutionary technology to disrupt the healthcare system in Africa.