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Poloniex Drops More Crypto Pairs as Altcoins Become Apparitions

Altcoin fervor is definitely at a low, so much so that crypto exchange Poloniex has dropped 23 pairs citing low volume. Many of the pairs that were popular in 2017 and during the ICO boom have fallen out of favour, as altcoins in general remain at rock bottom prices.

According to Coinmarketcap.com the US based exchange has 124 pairs. Around 20 of them, or 16%, have less than a thousand dollars in daily volume so it appears to be these that have been targeted for termination. In a tweet yesterday the exchange stated;


We will be removing 23 trading pairs on August 16, 2019, due to low volume. Note that each asset will continue to be independently tradable.

Around half of the pairs listed are in ETH, six are XMR pairings and the rest are stablecoin pairs for various obscure altcoins. Those include Loom Network/USDT which has had $50 traded in the past 24 hours, Status/USDT with just $157 traded, Bancor/USDT trading only $75 per day, FOAM/USDC, and the worst performing pair Khyber Network/USDT.


Read more at Bitcoinist

#Poloniex #Altcoins #Echanges

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