Bitfinex Ceasing Trade Pairs For Several Tokens Due To Their Low Liquidity

Sateesh Swaminanthan
I am a techsavy, otaku and Crytogeek. loves to talk and write about latest tech, new anime and happenings in Cryptosphere.
  • Bitfinex removal of the trade for some trading pair is seen as a common measure for the company as it tries to consolidate and improve liquidity on its firm.
  • Paolo Ardoino the CTO of Bitfinex and CTO of Tether tweeted that the tokens mentioned in the list will be removed from the list.
  • Paola Ardoino also justified the action ceasing liquidity for the listed tokens.

Today, Bitfinex a cryptocurrency trading platform of major digital assets like Bitcoin, EOS, Litecoin, Ethereum, XRP(Ripple), NEO and many more announced that it is ceasing trade for several trading pairs.

Bitfinex removal of the trade for some trading pair is seen as a common measure for the company as it tries to consolidate and improve liquidity on its firm. The following trading pairs will not be supported from March 6, 2020, 10:00 AM UTC:

Tokens to Ethereum pairs:

Fusion (FSN/ETH), Credits (CSX/ETH), Scorum (SCR/ETH), On.Live (ONL/ETH), Atonomi (ATM/ETH), Statis Euro (EUS/ETH), AidCoin (AID/ETH), Auctus (AUC/ETH), Aelf (ELF/ETH), DAOstack (GEN/ETH), Seer (SEE/ETH), Mithril (MIT/ETH), Yggdrash (YGG/ETH), Lympo (LYM/ETH), Content box (BOX/ETH), BnkToTheFuture (BFT/ETH), Blockpass (PAS/ETH), OKEX (OKB/ETH), Loom Network (LOO/ETH), MATRIX AI Network (MAN/ETH), Verge (XVG/ETH), FOAM (FOA/ETH), Vetri (VLD/ETH), Tripio (TRI/ETH), Nucleus Vision (NCA/ETH), Cortex (CTX/ETH), Universa (UTN/ETH).

Tokens to Bitcoin:

CommerceBlock (CBT/BTC), ORS Group (ORS/BTC), Edge (DAD/BTC), BLOCKv (VEE/BTC), Nucleus Vision (NCA/BTC), Nectar Token (NEC/BTC), Sentient Coin (SEN/BTC), POA (POA/BTC), Everipedia (IQX/BTC), Lympo (LYM/BTC), YOYOW (YYW/BTC), Hydro Protocol (HOT/BTC), Atonomi (ATM/BTC), Medicalchain (MTN/BTC), AidCoin (AID/BTC), Essentia (ESS/BTC).

Tokens to DAI:

0x (ZRX/DAI), OmiseGO (OMG/DAI).

Tokens to Japanese currency Yen:

Verge (XVG/JPY).

Paolo Ardoino the CTO of Bitfinex and CTO of Tether tweeted that the tokens mentioned in the list will be removed from the list and Bitfinex guarantees that it will at least provide the USD (United States Dollar) pair for every token mentioned above to ensure there is still some level of liquidity for the Token.

 

Paola Ardoino also justified the action ceasing liquidity for the listed tokens by pointing out how much important liquidity and consolidate the market to provide a better user experience.

Bitfinex strongly believes that the actions will lead to a more streamlined and optimized trading experience for the user.

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