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Bitfinex removes nearly 50 cryptocurrency trading pairs on March 6 | Wink Report (
Bitfinex, the 11th largest cryptocurrency exchange through daily trading volume, will remove dozens of cryptocurrency trading pairs later this week.According to a blog post from March 2, Bitfinex removes 46 crypto trading pairs on Friday, March 6 due to the low liquidity on the platform.

The cryptocurrency exchange noted that deleting the trading pairs is a common measure that is expected to improve liquidity on the Bitfinex platform and lead to a “more streamlined and optimized trading experience for our users.”

The majority of trading pairs that are removed on Friday contain a broad list of altcoins that trade against Ether (ETH), the second largest cryptocurrency per market capitalization. That list contains approximately 30 trading pairs, including altcoins such as OKEx token (OKB), Verge (XVG) and Nucleus Vision (NCASH).

A further 16 trading pairs include altcoins that trade against Bitcoin (BTC), including pairs such as Hydro Protocol (HOT) / BTC and Medicalchain (MTN) / BTC.

Other trading pairs are two altcoins traded against Dai (DAI): OmiseGO (OMG) / DAI, 0x (ZRX) / DAI and one trading pair with Japanese Yen, XVG / JPY.Bitfinex advised users to cancel pending orders with the above-mentioned trading pairs before 6 March 10:00 AM UTC, it being noted that all remaining pending orders are automatically canceled by the system.

According to information about CoinGecko cryptocurrency tracking service, Bitfinex currently supports around 350 trading pairs on its platform. At the time of the press, Bitfinex’s daily trading volume is around $ 118 million, according to Coin360 data.

Liquidity in cryptocurrency refers to the level of ease with which a crypto asset can be exchanged for cash without affecting the price of that asset. Delisting is a common measure for increasing liquidity for cryptocurrency exchanges.

In 2019, Binance canceled around 30 trading pairs in a move to improve the liquidity and trading experience of users, and noted that the choice of trading pairs was as requested by most project teams.
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    Francisco Gimeno - BC Analyst A normal event for any financial forex or crypto exchange. In this case, it shows how the crypto market is evolving. Many of the alt coins existing now have no real use, and speculators have already over tried them, so they won't be here in the next future when better alt coins with real impact in the financial world will appear. Meanwhile BTC is the king.
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