"There's a lot Coinbase wants to throw away, what's left after that."
Cryptocurrency giant Coinbase recently decided to delist 80 trading pairs from Coinbase Exchange, Advanced Trade and Coinbase Prime on October 16, 2023.
In addition to assuring that they will constantly monitor the crypto market, Coinbase also said that the move is aimed at consolidating liquidity and further improving the performance of digital assets.
However, the delisting process only covers non-USD trading pairs, including ACH/USDT, AGLD/USDT, BNT/BTC, BNT/EUR, GAL/USDT, SUSHI/BTC, SUSHI/ETH, SUSHI /EUR and others.
However, Coinbase Advanced Trade users in eligible regions can still trade the digital asset using USDC balances.
Earlier in September 2023, Coinbase also suspended certain trading services such as BarnBridge (BOND), DerivaDAO (DDX), Jupiter (JUP), Multichain (MULTI), Ooki (OOKI) and Voyager (VGX).
There's no denying that Coinbase has removed many trading pairs in the past few months, but the crypto exchange appears to be relisting Ripple (XRP) in mid-July 2023.
Pleased to be informed that Coinbase has received XRP shortly after Judge Analisa Torres ruled that the digital asset is not a security in her Summary Judgment.
The decision in favor of XRP caused the entire crypto market to react positively as the digital asset managed to climb over 70% in just a few hours to reach $0.93.
