Bitfinex is planning to perform a large-scale delisting of trading pairs because of low liquidity on March 6.
Due to their low liquidity, on Friday, March 6th, we will remove several trading pairs. This measure serves to consolidate and improve liquidity on Bitfinex, leading to a more streamlined and optimized trading experience.— Bitfinex (@bitfinex) March 2, 2020
Full announcement ⬇️https://t.co/2WZijtrNjN
The exchange has reported on March 2 that forty-six pairs with Ethereum, Bitcoin, DAI, and Japanese Yen will undergo delisting.
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However, all indicated tokens are going to be accessible for negotiating on the platform.
“Removing these pairs considered to be a regular means that assists to fortify and increase liquidity,” it was said in the report.
Presently, the platform maintains around 350 pairs, and its average everyday negotiating volume equals approximately $118 million.