80 Trading Pairs Be Delisted Coinbase Announces

Coinbase delists 80 spot trading pairs

On October 17, 2023, Coinbase announced the temporary suspension of support for a large number of non-USD spot trading pairs, including USDT, EUR, BTC, GBP, and ETH, as previously announced two weeks ago.

The trading pairs in Coinbase Exchange, Advanced Trade, and Coinbase Prime will temporarily suspend support for 28 pairs with USDT, 23 with EUR, 20 with BTC, 8 with GBP, and 1 with ETH – making a total of 80 trading pairs.

Specifically, Coinbase has temporarily suspended support for 80 non-USD spot trading pairs, including:

ACH-USDT, AGLD-USDT, ARPA-EUR, ARPA-USDT, AUCTION-EUR, AUCTION-USDT, BADGER-EUR, BADGER-USDT, BAND-BTC, BAND-EUR, BAND-GBP, BNT-BTC, BNT-EUR, BTRST-BTC, BTRST-EUR, BTRST-USDT, C98-USDT, CTSI-BTC, DESO-USDT, ELA-USDT, ERN-USDT, FORTH-BTC, FORTH-EUR, GAL-USDT, HFT-USDT, IDEX-USDT, IOTX-EUR, KNC-BTC, KSM-USDT, LCX-EUR, LCX-USDT, LQTY-EUR, LQTY-USDT, METIS-USDT, NKN-BTC, NKN-EUR, NKN-GBP, NMR-BTC, NMR-EUR, NMR-GBP, OGN-BTC, PERP-EUR, PERP-USDT, POND-USDT, POWR-EUR, POWR-USDT, RAD-BTC, RAD-EUR, RAD-GBP, RAD-USDT, REN-BTC, REQ-BTC, REQ-EUR, REQ-GBP, REQ-USDT, RLC-BTC, SKL-BTC, SKL-EUR, SKL-GBP, SPELL-USDT, STORJ-BTC, SUPER-USDT, SUSHI-BTC, SUSHI-ETH, SUSHI-EUR, SUSHI-GBP, TRAC-EUR, TRAC-USDT, TRU-BTC, TRU-EUR, TRU-USDT, UMA-BTC, UMA-EUR, UMA-GBP, XYO-EUR, XYO-USDT, ZEN-BTC, ZEN-USDT, ZRX-BTC, ZRX-EUR.

Notably, three tokens from the list are among the 52 tokens declared as securities by the SEC: Power Ledger (POWR), XYO Network (XYO), and Liechtenstein Cryptoasset Exchange (LCX).

The reason for the temporary suspension, as stated by the exchange, is to “improve overall market health and enhance liquidity.” It also mentioned that Coinbase Advanced Trade users in eligible regions (without specifying which regions) can still trade these assets with trading pairs in USD or USDC.

Another possible reason is Coinbase’s effort to promote the use of USDC, a stablecoin issued in collaboration with Circle.

The announcement of suspending support for a large number of trading pairs by Coinbase brings to mind a similar incident involving “rival” Binance.US in June 2023, where they delisted 102 spot trading pairs just two days after being sued by the U.S. Securities and Exchange Commission (SEC).

Following Binance, the leading U.S. crypto exchange Coinbase also faced a lawsuit by the SEC for violating U.S. securities regulations related to trading and staking activities. Due to these allegations, the SEC requested Coinbase to halt trading for all cryptocurrencies, except for Bitcoin – an approach consistent with the SEC chairman’s view that “only Bitcoin is not a security,” while other tokens are considered securities.

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Chi Do
Chi Do
Chi Do is a content writer at CoinMinutes, responsible for creating most of the content on the website, including news related to Bitcoin (BTC), Ethereum (ETH), Blockchain, Decentralized Finance (DeFi), and more. With a keen interest in cryptocurrencies since the 2020s, Chi has acquired extensive experience and knowledge in this field. Chi holds a Bachelor's degree in communication from Academy of Journalism and Communication in Vietnam.

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