In the official press release from the cryptocurrency exchange named Cobinhood, it was announced that the exchange decided to remove 14 cryptocurrencies from the stock market for certain reasons and mostly due to low trading volumes. The exchange announced that 14 of the cryptocurrencies have very low trading volumes and they do not plan to keep and allow trading of these 14 cryptocurrencies, as transactions can be made that may cause unnecessary loss of time and money.
The world’s largest Explaining that EOS, one of the known cryptocurrencies, will be removed from the stock market, Cobinhood announced that EOS did not attract attention and the trading volumes on its own stock markets were at a very low rate.
Exchanges Can Issue
Crypto According to their wishes, money exchanges sometimes do not allow the crypto currency they want to be listed on the exchange, or on the contrary, they can remove a listed cryptocurrency from the exchange. Although there will be no change in the crypto money sector thanks to this step of the stock market, for Cobinhood users, this means that they will not be able to continue using the same exchange.
- Cobinhood is one of the exchanges that is not used much.