Cryptocurrency exchange Coinbase (NASDAQ:COIN) announced the removal of 80 non-USD trading pairs. It includes pairs with Bitcoin, stablecoins like Tether, and traditional currency like Euro.

The pairs were removed from the Coinbase exchange and other platforms like Advanced Trade and Coinbase Prime.

The exchange notes that these markets account for an insignificant portion of its overall trading volume. The impact on users would be minimal.

Find out more about trading and non-trading of non-USD pairs on exchanges. Meet and engage with other transformative Digital Asset and Crypto business leaders and investors at Benzinga's exclusive event: Future of Digital Assets. Tickets are flying: Get yours!  

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Traders may continue trading these assets through USDC (CRYPTO: USDC) unification and using USDC balances for trading in both USD or USDC order books.

In mid-September, the exchange took to removing 41 non-USD markets for similar reasons.

Coinbase in both steps halted trading of multiple USDT-containing trading pairs and none included USDC, a stablecoin co-developed by Coinbase and Circle.

Based on cryptocurrency market data provider CCData, Coinbase’s Q3 spot trading volumes plunged 52% since 2022 while Binance also witnessed a drop in its spot market share dominance falling from 55% in early 2023 to 34% in September. Falling volumes also lead cryptocurrency exchanges to adopt these steps.

Also Read: Coinbase Global's Challenging Q3 Preview: Analyst Expects Trading Volume To Slump 49%

Benzinga's Future of Digital Assets conference is scheduled for Nov. 14. Attend and learn more about how crypto exchanges adopt liquidity measures for smooth functioning. The gathering is seen as pivotal for the digital assets community. The event will spotlight the latest trends, innovations, and challenges in the digital asset realm.