Cryptocurrency exchange Bitstamp announced the delisting of multiple trading pairs in a tweet on Thursday.
Delisting:
XRP/PAX
UMA/BTC
KNC/BTC
SNX/BTC
COMP/BTC
PAX/GBP
PAX/EUR
BCH/GBP
CRV/BTC
MKR/BTC
ZRX/BTC
BAT/BTC
YFI/BTC
LINK/ETH
Starting August 11, 2022, users will no longer be able to trade XRP against Paxos Standard (PAX), a popular Ethereum-based stablecoin.
Key Details of the Delisting
- Bitstamp will discontinue support for 14 cryptocurrency trading pairs.
- Notable removals include Bitcoin Cash (BCH) trading against GBP and the LINK/ETH pair.
- The exchange did not specify exact reasons for the delisting but emphasized it as a permanent decision.
Bitstamp’s Statement
The exchange stated it regularly reviews trading pairs based on performance metrics. Market developments also influenced this move. Users can still access historical trade data for delisted pairs.
Historical Context
- In December 2020, Bitstamp halted XRP trading for U.S. customers following the SEC’s lawsuit against Ripple.
- It was the first major exchange to delist XRP, with others like Coinbase and Binance.US following suit.
- Despite controversy, XRP remains actively traded outside the U.S.
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Recent Developments
Bitstamp, known for its cautious token-listing approach, added Shiba Inu (SHIB) in early June 2022, signaling selective expansion despite removals.
FAQ Section
1. Why is Bitstamp delisting these pairs?
Bitstamp cited performance reviews and market conditions but did not disclose specific reasons.
2. Can I still withdraw funds from delisted pairs?
Yes, users retain access to historical data and withdrawals, but trading is disabled.
3. Will Bitstamp delist more tokens in 2022?
While unconfirmed, the exchange’s proactive reviews suggest further adjustments are possible.
4. Is XRP completely delisted on Bitstamp?
No—only the XRP/PAX pair is affected. XRP trading continues for non-U.S. users.
5. How does this impact Bitcoin Cash (BCH) traders?
BCH/GBP trading ends, but BCH remains available against other currencies.
For more updates on cryptocurrency regulations and exchange policies, stay informed with trusted sources.
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### Keywords:
Bitstamp, cryptocurrency delisting, XRP, trading pairs, Bitcoin Cash, SEC lawsuit, Shiba Inu, stablecoin
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