Hey ninja’s, how’s the trading going? As the largest cryptocurrency Bitcoin nears $9K once again, the majority of the top cryptocurrencies are reporting losses. At press time, Bitcoin is trading at $8,716 and is reporting 1.63% losses.
The 11th largest cryptocurrency exchange by trading volume, Bitfinex, will reportedly be removing a significant number of cryptocurrency trading pairs this week. Bitfinex announced its decision to remove 46 crypto trading pairs in a blog post of the 2nd of March, the trading pairs are scheduled to be removed on the 6th of March.
The delisting of the pairs is due to low liquidity on the Bitfinex platform, the exchange noted that its decision is very common and is expected to improve the platform's liquidity and efficiency for its users.
A large number of the trading pairs scheduled to be removed are altcoins trading against the second-largest Altcoin by market cap Ethereum. This list contains 30 trading pairs including OKEx (OKB) token and Nucleus Vision (NCASH).
The other 16 cryptocurrencies scheduled to be removed include trading pairs against Bitcoin (BTC). Bitfinex noted that users should cancel any orders involving any of the trading pairs scheduled to be delisted before 10:00 AM UTC on the 6th of March.