Coinbase Delists 7 Crypto Pairs: What’s Next?

• Coinbase has announced that it will delist seven trading pairs to consolidate liquidity.
• The decision will take effect at 16:00 (GMT) 27 June.
• Following the announcement, the affected tokens experienced declines.

Coinbase, the largest cryptocurrency exchange in the US, which is currently in litigation with the SEC, has announced that it will delist seven trading pairs. The move is aimed at consolidating liquidity by removing a number of trading pairs for certain supported assets from the platform. The exchange has stated that the decision will come into effect at 16:00 (GMT) 27 June.

Trading pairs to be removed

The trading pairs to be delisted are as follows: BNT-GBP, BTRST-GBP, CLV-GBP, DDX-EUR, ERN-EUR, MEDIA-USDT, and TRB-BTC.

To consolidate liquidity, we will be removing a number of trading pairs for certain supported assets.

We will suspend trading on the following markets on or around 9AM PT on 27 June 2023:

BNT-GBP, BTRST-GBP, CLV-GBP, DDX-EUR, ERN-EUR, MEDIA-USDT, & TRB-BTC

— Coinbase Exchange 🛡️ (@CoinbaseExch) June 26, 2023

Token prices decline

Following the delisting announcement, the affected tokens experienced declines. BNT lost 2% and fell to $0.3862, BTRST dropped around 1.2% to $0.5179, CLV declined more than 2% to $0.03415, ERN fell 3% to $1.51, and TRB dropped more than 3% to $0.49.

The least affected was Media Network’s crypto token MEDIA, which saw a 0.80% decline and traded at $8.20.