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.