Bitfinex will be delisting dozens of trading pairs by the end of the month.
According to an announcement, Hong Kong-based cryptocurrency exchange Bitfinex is slated to delist 87 trading pairs due to low levels of liquidity.
Removing the pairs will also serve to improve liquidity, the exchange said, adding that it’ll lead to a “more streamlined and optimised trading experience” for its users.
Among the tokens set to be removed against bitcoin and Ethereum are Bancor, Raiden, and Spankchain.
The pairs will be delisted on March 26, 2020.
This isn’t the first time Bitfinex has removed several trading pairs, as The Block notes, the exchange actually appears to be on a “delisting-spree:”
Bitfinex appears to be on a delisting-spree. Earlier this month, it removed 46 trading pairs, also due to low liquidity.
At the time, Bitfinex CTO Paolo Ardoino told The Block that the exchange decided to delist pairs because many projects born in the 2017 initial coin offering (ICO) boom have now “lost traction.”
While Bitfinex currently does not have a hard cap for the number of pairs it hopes to support, it wants to concentrate all liquidity of a given project into a single pair, typically the USD pair, Ardoino told The Block at the time.
Photo: Alan Lam