It is not uncommon for cryptocurrency exchanges to make changes to its workings as the popular ones have revealed that users demand smoother processes. These exchanges themselves have taken steps on their own to combat prevailing issues within the ecosystem. Bitfinex was one of the latest exchanges to announce changes to its working model as well as the assets it controls. The Hong Kong-headquartered exchange announced that from March 6, it will be delisting multiple trading pairs.

According to Bitfinex, multiple trading pairs were removed because of their reduced liquidity on the platform. Bitfinex has urged users not to panic as the cryptocurrencies will be listed till the coming Friday. The exchange has removed multiple trading pairs of Ethereum, Bitcoin, DAI and the Japanese Yen.

The Ethereum pairs on the removal roster included Fusion, Scorum, Credits, On Live and Statis Euro. They were also joined by Atonomi, AidCoin , and Auctus. Bitcoin Gaming Bitcoin Casinos Bitcoin Betting Bitcoin Casino Bonuses No Deposit Bonuses Bitcoin Casino Free Spins Bitcoin Blackjack Bitcoin Dice Bitcoin Poker Bitcoin Roulette Bitcoin Slots Live Dealer Casinos. Crypto Gaming Crypto Lottery Ethereum Casinos Dogecoin Casinos Litecoin Casinos Cardano Casinos Ripple Casinos World Cup Betting Sites.

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View All News. Note that the content on this site should not be considered investment advice. Investing is speculative. When investing your capital is at risk. Afterwards, he focused on the Bitcoin ecosystem and started developing Bitfinex based on the Bitcoinica trading platform code. Devasini is the serving CFO. He graduated from Milan University as a Doctor of Medicine but developed a passion for technology and entered the computer hardware business.

He founded Point-G Srl and then Solo SpA. In , Devasini met Raphael Nicolle and joined Bitfinex, running its trading and risk management operations. Bitfinex restricts access to Iran, North Korea, Cuba, Syria, Crimea, Donetsk People's Republic and the self-proclaimed Luhansk People's Republic. citizens, citizens or residents of Canada, the British Virgin Islands, the Government of Venezuela and residents of Austria or Italy are also prohibited from accessing the exchange.

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Join Our Telegram channel to stay up to date on breaking news coverage. Bitfinex announced the summary removal of 87 trading pairs from its platform. These pairs will be removed completely, with the changes itself coming into effect on the 26th of March, Major cryptocurrency exchanges that open themselves up to large arrays of minor cryptocurrencies run the risk of those same cryptocurrencies bogging them down.

Some gain success through it, but other exchanges experience a simple lack of use. Bitfinex has done just that, announcing to the world that it purges its platform of 87 trading pairs. What this implies, is that these trading pairs have been unpopular, illiquid, or simply non-profitable for the exchange itself.

Whatever the case may be, the announcement came on the 20th of March, Some of these trading pairs are relatively significant. Things like Request REQ , Bancor BNT , Storj STJ , Polymath POY , Zilliqa ZIL , QASH QSH , UTRUST UTK , as well as SpankChain SPK are on the list.

These and many others will have their BTC trading pairs summarily removed from the exchange, leaving nothing of it left. Some trading pairs that buy Ethereum ETH, will be removed, as well. For example, Qtum and Decentraland QTM and MANA respectively. Something important to note is some of these crypto projects have been around since Furthermore, many of them boasted significant volumes in the past, as well. However, a lot of these coins seem to have completely dried up in terms of interests.

As it stands now, most of the global sentiment for crypto had sunken into the massive scare that is the coronavirus pandemic. Billions of USD in value dropped within the span of a week, with countless scared crypto holders opting to sell their crypto in light of the ongoing crisis.

This has a compounding effect, as many investors then try to sell their holdings to make up for a loss, which only serves to drive the market even lower. Ali is a professional journalist with experience in Web3 journalism and marketing.

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