News

Bitstamp Exchange Will Delist 14 Cryptocurrency Trading Pairs

Exchange Bitstamp announced a series of delisted crypto trading pairs in a tweet Tuesday.
Bitstamp Exchange Will Delist 14 Cryptocurrency Trading Pairs 3

Starting August 11, users of the exchange will not be able to trade XRP against Paxos Standard (PAX), a popular stablecoin that runs on the Ethereum network.

In total, Bitstamp will stop supporting 14 crypto pairs. Users will no longer be able to trade Bitcoin Cash (BCH) against the British pound. The LINK/ETH pair is also on the delisted list.

Bitstamp did not state exactly why they discontinued support for the aforementioned pairs. It should be noted that delisting a trading pair is a permanent decision.

The exchange claims they regularly review their trading pairs based on their performance. Recent market movements also influence the decision to delist. Users can still view their trading history for the delisted trading pairs.

Bitstamp Exchange Will Delist 14 Cryptocurrency Trading Pairs 4

On December 25, 2020, Bitstamp announced that it would stop trading XRP and deposits for US customers after the Securities and Exchange Commission (SEC) took Ripple to court.

It became the first major crypto exchange to delist the controversial token, with Coinbase, Binance.US, and other big names following suit. However, the controversial cryptocurrency is still widely traded outside the United States.

Bitstamp, known for its cautious approach to token listing, announced the addition of Shiba Inu (SHIB), one of the most prominent memecoins, earlier this June.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance

George Town, Grand Cayman, 22nd November 2024, Chainwire

9 minutes ago

Inflation Warning By Vanguard Amid Tariffs And Labor Issues

Inflation Warning by Vanguard highlights risks during Trump’s term, citing tariffs and tighter labor markets…

25 minutes ago

Clanker Token Trading Volume Hits $59.8 Million High

Clanker token trading volume hit $59.8M on Nov 21, accounting for 14.75% of PumpFun. Fee…

53 minutes ago

Bitcoin Spot ETF Inflows Hit $1 Billion Led By BlackRock

Bitcoin Spot ETF inflows hit $1.005B on Nov 21, led by BlackRock’s $608M and Fidelity’s…

1 hour ago

New York Techie Bagged $72M from $15K Investment in Ethereum — Here’s How BlockDAG Can Offer Similar Jackpot

Discover the success story of a New York tech entrepreneur who made $72M from a…

2 hours ago

Best Altcoins to Buy Today: Qubetics Rides 1000x Potential to Hit $2.6M, Ethereum Stays Rangebound, Tron USDT Transactions Hit $52B

Discover the best cryptos to buy and hold today: Qubetics leads with 1000x potential, Ethereum…

3 hours ago

This website uses cookies.