Coinbase, one of the leading cryptocurrency exchanges, announced that it has removed 7 altcoin parities from its list. Coinbase de-lists the projects that it generally decides as a result of its reviews that do not meet the criteria it has determined.
Coinbase is removing support for 7 altcoins!
cryptocoin.com As we have reported, Coinbase, the world’s second largest cryptocurrency exchange, has announced that it will terminate some trading pairs at 09:00 tomorrow with a last-minute statement. The cryptocurrency exchange made the following statement on the subject from its official Twitter account:
To consolidate liquidity, we will remove a number of trading pairs for certain supported assets. We will suspend trading on the following markets at or around 09:00 CEST on May 23, 2023: ASM-USDT, ATA-USDT, DESO-EUR, FORT-USDT, FORTH-GBP, MCO2-USDT, XYO-BTC.
To consolidate liquidity, we will be removing a number of trading pairs for certain supported assets.
We will suspend trading on the following markets on or around 9AM PT on 23 May 2023:
ASM-USDT, ATA-USDT, DESO-EUR, FORT-USDT, FORTH-GBP, MCO2-USDT, XYO-BTC
— Coinbase Exchange 🛡️ (@CoinbaseExch) May 22, 2023
For ASM, ATA, FORT and MCO2, which are among the altcoin projects that Coinbase has decided to de-list, USDT-denominated parities will be out of action. In addition, Coinbase will delist DESO’s EUR pair. The crypto exchange will delete GBP for FORTH and BTC for XYO from the list. There are some criteria that the crypto exchange has set. The Exchange periodically evaluates these and removes its support for projects that it decides do not meet the criteria. Therefore, Coinbase’s de-list decisions are closely followed by investors and traders. Meanwhile, Coinbase explained its de-list rationale as ‘consolidating liquidity’.
Projects delisted by the stock exchange
Assemble Protocol (ASM) claims to be a blockchain-based global points integration platform. The basic idea behind the altcoin project is to provide its users with an unlimited opportunity to redeem their points, just as they use cash, anywhere in the world, without any time or place restrictions. Also, giving points providers and ASSEMBLE partners a pool of opportunities and access to a rich pool of users to further expand their business.
Automata (ATA) is a high-performance computing protocol that empowers Web 3.0 applications and businesses with privacy-first, highly secure, frictionless transactions. Its mission is to provide the necessary functionality and infrastructure to realize the vision of a seamless Web 3.0 experience. The lack of transparency in data ownership combats censorship and interference with privacy.
DeSo is a new layer-1 blockchain built from the ground up to decentralize social media for billions of users. It aims to empower a creator-led, user-owned internet that is open to millions of developers worldwide to enhance each other. Today, there are a handful of big tech companies that own all the information we consume online. In addition, these companies have the opportunity to control them. DeSo claims it puts ownership back in the hands of users, not platforms. It is now possible to have your identity, profile, content and social graphic completely censorship resistant.
