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In the past year, crypto exchanges have significantly cleaned up their pairs, and this is not only unique to global exchanges. BtcTurk, a Turkey-based crypto exchange, will also close a significant number of pairs today. So what will change for the users of the exchange? What is the reason behind this decision?
Bear markets make it necessary for exchanges to remove low volume pairs. Due to reasons such as the cost of market-making services and increased price slippage in pairs, Binance and other exchanges are removing pairs that have remained silent. What BtcTurk is doing is exactly that.
BtcTurk Removing Bitcoin Pairs
Today at 15:00, BtcTurk will likely remove all BTC pairs due to the reasons mentioned above. Investors who want to buy altcoins using BTC will have to do so with TRY and USDT pairs. The announcement from the exchange stated the following:
“Dear users, Trading operations with the following BTC pairs will be suspended on July 24th at 15:00. We recommend that you cancel your open orders before the trading is suspended until 15:00 on July 24th. We would like to remind you that open orders that are not canceled will be automatically canceled.
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
You can continue your trading operations with TRY and USDT pairs for the mentioned cryptocurrencies without interruption.”
You can find all the details about the pairs of exchanges operating in our country on 21milyon.com. Here, all the pairs of local exchanges are listed, and you can clearly see which pair is stronger in terms of volume for which altcoin.