November 9, 2024

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Coinbase suspends 80 non-USD trading pairs to improve liquidity

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Coinbase suspends 80 non-USD trading pairs to improve liquidity

The United States-based cryptocurrency exchange Coinbase is removing dozens of trading pairs in order to improve liquidity on its platform.

Coinbase has suspended 80 non-USD trading pairs, including those with cryptocurrencies like Bitcoin (

Coinbase’s ongoing measures to improve liquidity come amid the exchange’s trading volumes tanking this year. According to the cryptocurrency market data provider CCData, Coinbase’s spot trading volumes for the third quarter plummeted 52% since 2022.

Other major cryptocurrency exchanges like Binance have also seen their spot market share dominance falling this year. According to CCData, Binance’s spot market share fell for a seventh consecutive month in September 2023, tumbling from 55% in early 2023 to 34% in September 2023.

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