Crypto exchanges worldwide, including Turkey’s BtcTurk, have been streamlining their pairs in the past year. Today, BtcTurk will close a substantial number of pairs.
This decision aims to enhance user experience and improve the efficiency of the platform by focusing on more relevant and essential trading options.
Bear markets compel exchanges to eliminate low volume pairs. Binance and other exchanges are taking similar actions, removing inactive pairs due to the costs associated with market-making services and heightened price slippage. BtcTurk is following suit by removing silent pairs for the same reasons.
BTCTURK Says Goodbye to BTC Pairs
At 15:00 today, BtcTurk is expected to remove all BTC pairs, citing the reasons mentioned earlier. Investors seeking to purchase altcoins with BTC will now need to use TRY and USDT pairs instead.
BTCTURK, will be suspending trading operations with the following BTC pairs on July 24th at 15:00:
ETH/BTC, LTC/BTC, XRP/BTC, XLM/BTC, NEO/BTC, EOS/BTC, DASH/BTC, LINK/BTC, ATOM/BTC, XTZ/BTC, TRX/BTC, ADA/BTC, DOT/BTC, UNI/BTC, ANKR/BTC, MKR/BTC, OMG/BTC, ENJ/BTC, COMP/BTC, GRT/BTC, MANA/BTC, MATIC/BTC, SNX/BTC, BAT/BTC, DOGE/BTC.
Users are advised to cancel any open orders for these pairs before 15:00 on July 24th. Any open orders that are not canceled will be automatically canceled. Trading operations with TRY and USDT pairs for the mentioned cryptocurrencies will continue without interruption.
Turkish cryptocurrency exchange (BTCTURK), apologizes for any inconvenience this may cause.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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