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

Exchanges • August 16, 2019, 6:25AM EDT
The Block

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.

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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.

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Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.

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