Poloniex, one of the oldest cryptocurrency exchanges in the world and later purchased by the giant Circle, announced that it would remove 23 cryptocurrency pairs with a new announcement.
Poloniex announced that it would remove trading pairs from the platform, but the relevant cryptocurrencies could be purchased and sold on a single platform.
Poloniex Continues to Struggle with Regulators
23 cryptocurrency pairs will be removed from the platform as of August 16 and the reason behind this is that the pairs do not have sufficient volume. The trading pairs to be removed from the platform by Poloniex are LTC / XMR, DASH / XMR, ZEC / XMR, MAID / XMR, NXT / XMR, BCN / XMR, LSK / ETH, GNT / ETH, MANA / ETH, QTUM / ETH, STEEM / ETH, OMG / ETH LOOM / ETH, SNT / ETH, CVC / ETH, KNC / ETH, GAS / ETH BNT / ETH LOOM / USDT, SNT / USDT, KNC / USDT, BNT / USDT and FOAM / USDC that specified.
The famous cryptocurrency exchange had shut down the use of some pairs of cryptocurrencies to US users because of pressure from regulators within the US before the most recent delist news. Circle, the top firm of Poloniex, has recently announced its decision to move its headquarters outside the United States, which will indirectly lead to the Poloniex cryptocurrency exchange from the United States.
Poloniex had previously lifted 8 cryptocurrencies from the platform in September.