Binance, one of the world’s largest cryptocurrency exchanges, has done just that announced the removal of a significant number of liquidity pools from its Liquid Swap platform. This decision stems from Binance’s periodic review aimed at refining the trading experience for its users by concentrating liquidity. Traders should keep a close eye on these tokens as the removal of token trading pairs can affect their prices.
The liquidity pools that will be removed at 04:00 (UTC) on September 1, 2023 include: ADA/BNB, ALICE/BTC, APE/BTC, AVA/USDT, AVAX/BNB, BTC/TUSD, CHZ /BNB, CHZ /BTC, CTSI/BNB, DOT/BUSD, ENJ/USDT, FIL/BNB, FRONT/BUSD, GALA/BNB, ICP/BNB, ID/BTC, KDA/USDT, LIT/USDT, MATIC/BNB , NEO/BNB , PAXG/USDT, PEPE/USDT, SANTOS/USDT, SUSHI/BNB, SUSHI/BTC, SXP/BNB, SXP/BTC, THETA/BNB, THETA/BTC, TKO/USDT, TLM/USDT, TRX /BNB, TRX /ETH, WBTC/ETH, XMR/ETH, XMR/USDT, XVS/BTC, XVS/USDT and ZEN/USDT.
Users with positions in these liquidity pools will have their deposited assets automatically returned to their Spot wallet on the above date and time.
It is critical that users understand that removing these liquidity pools will not affect trading of the corresponding pairs on Binance Spot. As of August 28, 2023 at 06:00 (UTC), the platform will no longer accept liquidity additions to these pools. However, users have the option to redeem their assets from these pools before the deletion date. After On September 1, deposits into these liquidity pools will be determined based on the prevailing composition ratios of each pool and will be automatically redeemed to users’ Spot wallets.
Binance has also emphasized that Liquid Swap positions may undergo changes in composition ratios due to the inherent nature of liquidity pools. For better understanding, users are directed to the FAQ section of the platform.
The announcement was officially made on August 28, 2023 by the Binance team.
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