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Bitstamp Exchange Will Delist 14 Cryptocurrency Trading Pairs

Exchange Bitstamp announced a series of delisted crypto trading pairs in a tweet Tuesday.

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.

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.

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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.