Coinbase will suspend order book trading for certain trading pairs of ANKR, AXS, CGLD, and LRC.
TL;DR
Coinbase will suspend order book trading for specific ANKR, AXS, CGLD, and LRC pairs on December 16th to enhance market health and liquidity. Advanced users can still trade these tokens on USD order books, with affected pairs now in limit order mode.
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According to Foresight News , Coinbase announced that it plans to suspend order book trading for the following trading pairs—ANKR-GBP, AXS-EUR, AXS-USDT, CGLD-EUR, CGLD-GBP, LRC-USDT, and LRC-BTC—at 1:00 AM on December 16th. This is intended to further improve overall market health and consolidate liquidity. Eligible Coinbase Advanced users can still trade the relevant tokens in the USD order book. Currently, the above trading pairs have switched to limit order mode, and market orders will no longer be able to be submitted.