Prime

Coin

<h2 style="text-align: center;" id="strong-introduction-strong"><strong>Introduction</strong></h2>
<p>Coinbase, a top US crypto exchange, recently made a big move. They stopped 80 non-USD trading pairs. They aim to make trading smoother and strengthen the market.</p>
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<h2 style="text-align: center;" id="strong-suspension-details-strong"><strong>Suspension Details</strong></h2>
<p>On October 16, Coinbase shared big news. They stopped 80 trading pairs. This list includes big names like <a href="https://walletinvestor.com/magazinadmin/is-cointelegraph-a-fake-news-media-dissecting-the-bitcoin-etf-fiasco/" rel="noopener noreferrer nofollow">Bitcoin</a>, Tether, and the Euro. Platforms like Advanced Trade and Coinbase Prime put this change into action at 19:30 UTC.</p>
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<h2 style="text-align: center;" id="strong-why-did-coinbase-do-this-strong"><strong>Why Did Coinbase Do This?</strong></h2>
<p>Coinbase wants to make trading better. By reducing the number of trading pairs, they hope to make the market more united. This can lead to better trading conditions and better prices for traders. Even with these changes, users can still trade. They can use Coinbase’s USD Coin balances to keep trading smoothly.</p>
<h2 style="text-align: center;" id="strong-past-moves-by-coinbase-strong"><strong>Past Moves by Coinbase</strong></h2>
<p>The exchange has made similar moves before. In mid-September, they removed 41 non-USD markets. They gave the same reasons: to make trading better. It’s interesting to note that they stopped many pairs with USDT. But they didn’t stop any with USDC, a coin they made with Circle.</p>
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<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">As previously announced, we have suspended trading on a number of non-USD markets across Coinbase Exchange, Advanced Trade, and Coinbase Prime.</p>
 <p>To see the full list of affected markets, please see here: <a href="https://t.co/rWCquh0QUr" rel="noopener noreferrer nofollow">https://t.co/rWCquh0QUr</a> <a href="https://t.co/puQxkMKSuM" rel="noopener noreferrer nofollow">https://t.co/puQxkMKSuM</a></p>
 <p>— Coinbase Exchange 🛡️📞 (@CoinbaseExch) <a href="https://twitter.com/CoinbaseExch/status/1714003238536548806?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 16, 2023</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
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<h2 style="text-align: center;" id="strong-what-s-happening-in-the-market-strong"><strong>What’s Happening in the Market?</strong></h2>
<p>Coinbase made this move at an<a href="https://cointelegraph.com/news/coinbase-suspends-80-trading-pairs-improve-liquidity" rel="noopener noreferrer nofollow"> interesting time</a>. Recent data shows that Coinbase’s trading activity has dropped. In the third quarter, their activity went down by 52% compared to 2022. Other big names, like Binance, face challenges too. Binance had 55% of the spot market at the start of 2023. But this number fell to 34% by September.</p>
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<h2 style="text-align: center;" id="strong-conclusion-strong"><strong>Conclusion</strong></h2>
<p>Coinbase’s decision to stop 80 non-USD trading pairs is a big deal. They want to make their platform better for traders. While some traders might feel the change, the main goal is clear. Coinbase wants to make trading smoother and more efficient. As the crypto world changes, decisions like this will shape its future. For the latest news, it’s a good idea to watch Coinbase’s official channels.</p>
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Coinbase Takes Action: 80 Non-USD Trading Pairs Suspended

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