Bitfinex Will Cease Trading For Commerceblock And Other Pairs

Bitfinex will cease trading for commerceblock and a lot more other trading pairs in order to change the working model and the assets under its control as we are reading in the commerceblock news today.

It is not common practice for crypto exchanges to make changes in operations as the popular ones have shown that the users demand much easier processes. The exchanges themselves have taken a few steps on their own to try and fight the prevailing issues within the ecosystem. Bitfinex was one of the latest exchanges to announced these changes to its work model and now Bitfinex will delist multiple trading pairs.

According to the platform, a lot of trading pairs were removed because of their low liquidity on the platform. Bitfinex said the removal was a common measure and that it will serve to assess and to improve the liquidity on the exchange and urged the users not to panic since the cryptocurrencies will be listed until the upcoming Friday. The exchange removed a few trading pairs of Ethereum, DAI, Bitcoin and Japanese Yen. All of the Ethereum pairs included Scorum, Credits, On Live and Fusion. There were also joined Aidcoin, Atonomi, and Auctus. A few other tokens were based on Bitcoin which is the largest provider.

Commerceblock was one of the pairs that were delisted while others include Edge, ORS Group, Nectar, and Atonomi was the only token that was delisted from Ethereum and Bitcoin pairs. OmiseGO was also delisted while Bitfinex will cease the trading for the Verge token based on the Japanese Yen:

 “The removal of these trading pairs is a common measure that serves to consolidate and improve liquidity on Bitfinex, leading to a more streamlined and optimized trading experience for our users. The below tokens have not been delisted and are still available for trading on Bitfinex. We would like to remind our users to cancel any open orders with the above trading pairs before 06/03/20 (Friday). All remaining open orders will be canceled by the system.”

The sources said that Bitfinex supported more than 350 trading pairs with a daily trading volume o about $118 million which is not the first time that the exchange delisted cryptocurrencies to protect liquidity since it follows Bitfinex the steps of Binance. Binance delisted more than 30 cryptocurrencies trying to bolster the liquidity of the platform.