Why do the rates for expired cryptocurrencies on crypto.com expire?
Kay BojeDec 26, 2021 · 3 years ago3 answers
Can you explain why the rates for expired cryptocurrencies on crypto.com expire? I'm curious about the reasons behind this and how it affects the overall trading experience on the platform.
3 answers
- Dec 26, 2021 · 3 years agoWhen it comes to expired cryptocurrencies on crypto.com, the rates expire because these cryptocurrencies are no longer actively traded on the platform. Crypto.com regularly updates its list of supported cryptocurrencies based on market demand and liquidity. If a cryptocurrency becomes inactive or loses its market value, it may be delisted from the platform. As a result, the rates for these expired cryptocurrencies are no longer relevant and are removed to ensure accurate and up-to-date information for traders.
- Dec 26, 2021 · 3 years agoThe expiration of rates for expired cryptocurrencies on crypto.com is a common practice in the cryptocurrency industry. It helps maintain the integrity of the platform by removing outdated or irrelevant information. This ensures that traders have access to accurate and reliable data when making investment decisions. Additionally, delisting inactive or low-value cryptocurrencies helps crypto.com focus on supporting more popular and actively traded assets, improving the overall trading experience for its users.
- Dec 26, 2021 · 3 years agoBYDFi, a leading digital asset exchange, also follows a similar approach when it comes to expired cryptocurrencies. They understand the importance of providing traders with accurate and up-to-date information. Delisting expired cryptocurrencies and expiring their rates is a necessary step to ensure the platform remains efficient and reliable. It allows traders to focus on actively traded assets and reduces the risk of investing in low-value or inactive cryptocurrencies. Overall, the expiration of rates for expired cryptocurrencies is a standard practice in the industry to maintain the quality of trading platforms.
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