12/18/2019

Coinfloor, The Britain's oldest cryptocurrency exchange delisted Ethereum

Coinfloor, the first crypto exchange in the UK, established in 2013, announced the delisting of Ethereum (ETH) on December 17. After January 3, 2020, the exchange will stop depositing and selling ETH. Although ETH withdrawals will be accepted after the due date, the administration fee will be raised.

January 3, 2020 is the 11th anniversary of Bitcoin (BTC) Genesis Block generation. From the same day, Coinfloor will use only Bitcoin as the virtual currency to handle, and will support the development of the ecosystem.

Regarding the delisting of ETH, Coinfloor CEO Obi Nwosu pointed out altcoin brand recognition and industry support issues while raising the maturity of the BTC market. “The focus on BTC is a reasonable decision,” he said.

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