According to the official statement, the decision was made in order to provide a richer set of services for the world’s leading cryptocurrency "while maintaining focus on simplicity."
The exchange is reportedly planning to strengthen its position as the UK’s number one bitcoin exchange in the short-term.
Founder & CEO of Coinfloor Obi Nwosu says no other cryptocurrency currently comes close to bitcoin’s track record, industry support, or brand recognition, so "focusing on bitcoin made perfect sense."
"Coinfloor has the opportunity to create financial services that not only meet the Bitcoin ecosystem’s needs but also contribute to making this future form of money available to everyone. That being said, we continually look to identify other cryptocurrencies that provide a differentiated proven value proposition, have a strong capable community of supporters, and maintain a focus on decentralization and censorship resistance," Nwosu said.
Earlier iHodl reported that a cryptocurrency exchange BitBay ceased its support for the anonymous cryptocurrency monero (XMR) in order to comply with "market standards" and to fight money laundering.
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