SHARE

News Alert: Citius Pharmaceuticals Receives FDA Approval For LYMPHIR™ (Denileukin Diftitox-Cxdl) Immunotherapy For The Treatment Of Adults With Relapsed Or Refractory Cutaneous T-Cell Lymphoma. Click to Read More.

KuCoin, a newly developed digital exchange, has announced that it’s planning to delist multiple trading pairs linked to the Bitcoin Cash including NEO, USDT, KCS, and BCH from its digital platform as part of the strategy to restructure its internal operations. KuCoin is targeting the fragmented trading markets that are not generating adequate amount of volume at the moment. The exercise will see about 22 currencies being delisted from the company’s platform.

Though the firm continues supporting the presence of Bitcoin Cash itself at the moment, since it’s a popular altcoin with sufficient trading volumes, there are plans underway to eliminate all the BCH trading pairs in the future. The company’s decision has stirred confusion all over the internet since the announcements went viral in the internet t in the recent past.

Through its website, KuCoin stated that the decision to streamline the exchange has been prompted by the company’s rapid growth that has reflected in the results of the first quarter of the year. Previously, the company has added numerous new currencies that give users a diverse platform to trade on. It’s now the right time for the company to focus on the key cryptocurrencies that have high trading volumes. According to the company, the cryptocurrency market is large and it cannot be all things to all people since the liquidity is not sufficient to sustain the large market.

With the latest changes on the platform, the users or supporters of the Bitcoin Cash will still trade in the main trading pairs but may not access the delinked altcoins and other small crypto assets. The company is still optimistic that the remaining trading pairs on the platform will sustain the acceptable trading volume in the future.

KuCoin’s recent decision may directly affect the overall performance of the Bitcoin Cash in the cryptocurrency industry but it’s not yet visible. Though the digital exchange has made the decision to rid of the obsolete currencies, the company might lose most of its customers especially those who were particularly interested in the delisted pairs.

SHARE
Previous articleOlympic Gold Medalist Apolo Ohno Has a Problem With Crypto
Next articleMcAfee Charging $105,000 For A Single Tweet For Promoting Digital Currencies
Steve Kanaval
Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.