In what can only be described as a surprising turn of events, the oldest exchange platform in the U.K. has announced its decision to delist Ether and all other altcoins from its platform and focus strictly on Bitcoin.
According to an official company blog post published yesterday, Coinfloor says that it wants to “provide a richer set of services for the world’s leading cryptocurrency while maintaining focus on simplicity.” The post said that the decision will take effect on Bitcoin’s 11th anniversary, the 3rd of January 2020.
Speaking on the decision to delist other altcoins, Coinfloor Founder and CEO Obi Nwosu has said that no other digital currencies compare.
“Since I first came across Bitcoin in 2011, I have seen it grow to become a mature proven currency. No other cryptocurrency currently comes close to Bitcoin’s track record, industry support, or brand recognition, so focusing on Bitcoin made perfect sense.”
Speaking to Cointelegraph, Nwosu however added that the exchange will consider listing Ether again if the asset later becomes “proven.”
The decision is quite interesting especially when it is considered that the Ethereum Foundation is gearing up to launch its Ethereum 2.0 upgrade. Though no date has been set for the Ethereum launch, an Ethereum Foundation core researcher and also a contributor to Ethereum 2.0 Justin Drake, has suggested a possible July 30, 2020 date.
Earlier this year, CoinFloor announced an ambitious plan to launch physical Bitcoin futures in competition with Bakkt.
Image Credits: Pixabay
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