Poloniex exchange removing 23 crypto trading pairs, citing ‘low volume’

Exchanges • August 16, 2019, 6:25AM EDT
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Cryptocurrency exchange Poloniex is today removing 23 trading pairs of cryptocurrencies due to “low volume.”

The pairs include litecoin (LTC)/ monero (XMR), DASH/XMR, Zcash (ZEC)/XMR and Civic (CVC)/ ether (ETH), among others, as announced on Twitter on Thursday.

Cryptocurrencies involved in the pairs, however, will be available for trading on an individual basis, the exchange added.

Poloniex has indeed been facing a tough time. The exchange’s market share has collapsed to meager 1.1% as compared to Binance’s 56%, according to The Block’s research.

In an attempt to restore its marketplace, Poloniex recently started offering fiat-to-crypto trading, using bank accounts as well as debit and credit cards. Previously, it operated only as a crypto-to-crypto trading platform.

AUTHOR

Yogita Khatri profile picture Yogita Khatri

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

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