In the crypto market, listing news is not always on the agenda. Sometimes the unlisted ones are in the news. Now, a large-scale delist news has come from the crypto money exchange Bitstamp. The famous exchange announced that it has removed 14 altcoin parities with an announcement on Tuesday.
Bitstamp removes these altcoin pairs from its list
According to the post, the cryptocurrency exchange Bitstamp will stop supporting 14 altcoin currency pairs in total. After the specified date, users will no longer be able to trade Bitcoin Cash (BCH) against sterling. Notable delistings include the LINK/ETH pair. Exchange users will also not be able to trade XRP tokens against Paxos Standard (PAX), a popular stablecoin that runs on top of the Ethereum network, starting August 11.
Delisting:
XRP/PAX
UMA/BTC
KNC/BTC
SNX/BTC
COMP/BTC
PAX/GBP
PAX/EUR
BCH/GBP
CRV/BTC
MKR/BTC
ZRX/BTC
BAT/BTC
YFI/BTC
LINK/ETH— Bitstamp (@Bitstamp) August 2, 2022
The trading parities that Bitstamp has excluded from the list consist of the following. XRP/PAX, UMA/BTC, KNC/BTC, SNX/BTC, COMP/BTC, PAX/GBP, PAX/EUR, BCH/GBP, CRV/BTC, MKR/BTC, ZRX/BTC, BAT/BTC, YFI/ BTC and LINK/ETH.
Bitstamp, Europe’s largest cryptocurrency exchange, has stopped support for the aforementioned pairs. However, the cryptocurrency exchange did not specify exactly why it decided to discontinue it. The stock market contented itself with the following statement on the subject:
Sometimes we need to remove certain pairs from the list for various reasons. In order to provide you with the best service, we consider their performance and the latest developments in the market. We routinely review all cryptos listed on our platform.
It should be noted that delisting a trading pair is a permanent decision. Meanwhile, Bitstamp noted that it routinely reviews trading pairs based on their performance. Delisting decisions are also influenced by recent market developments. However, users will continue to see their trading history for the trading pairs that have been removed from the list.
The famous exchange is known for its conservative approach to listing
cryptocoin.com As we reported, on December 25, 2020, Bitstamp announced that it will cease trading and depositing XRP for US customers after the US Securities and Exchange Commission (SEC) takes Ripple (XRP) to court. Coinbase, along with Binance.US and other big names following it, became the first major cryptocurrency exchange to eliminate the controversial token. However, the controversial cryptocurrency is still widely traded outside of the US.
Bitstamp is known for its conservative approach to token listings. The exchange announced the addition of one of the most prominent meme coins, Shiba Inu (SHIB), earlier this June. The long-time crypto exchange has appointed JB Graftieaux as its new global CEO in May.
