The cryptocurrency exchange KuCoin has reported that it will start delisting NEO, USDT and BCH pairs from the platform. The exchange explained that this move is meant to reduce the number of errors and delays.
“We are excited to announce our new streamlined exchange. With our rapid growth in the first quarter we added in many new markets to provide a diverse platform for users to trade on. During the 2nd quarter we will be making many changes to the platform based on our user feedback. Several of the markets will be streamlined. KCS, USDT, and NEO will eliminate multiple pairs each, and BCH pairs will be removed,” read the message recevied by the platform users.
Besides the pairs mentioned above, the crypto exchange will also delist up to 22 pairs of cryptocurrencies from its platform.
KuCoin declared in a blog post that the changes will start from March 26, 2018. Furthermore, the owners hinted that this radical decision was taken for the productivity of the platform but also for the well being of some cryptocurrencies like bitcoin cash and Dent which are impacted negatively due to their low trading volume.
- BCH – All trading pairs: FOTA/BCH, KCS/BCH, DENT/BCH, ACT/BCH, UTK/BCH, DAT/BCH, and XAS/BCH
- KCS – DASH/KCS, CAG/KCS, MOD/KCS
- USDT – DBC/USDT, TEL/USDT, FOTA/USDT, OCN/USDT, TNC/USDT, ETC/USDT
- NEO – MOD/NEO, QTUM/NEO, ACAT/NEO, FOTA/NEO, BCH/NEO, DENT/NEO
Multiple reports are saying that before the announcement the cryptocurrency exchange stopped accepting orders which had the pairs soon to be delisted. KuCoin made it clear that the investors will not lose their tokens or funds.
The company also declared that these changes would have a positive impact on the crypto market. While they’ve decided to delist almost every altcoin/ BCH pair, the users will still be able to trade BCH for the primary cryptocurrencies.