Binance, the world’s largest cryptocurrency exchange, announced it will remove certain major liquidity pools from Binance Liquid Swap. The exchange will remove selected liquidity pools for a total of 16 altcoins, including Ethereum (ETH), XRP, Solana (SOL), Cardano (ADA), Polkadot (DOT), Chainlink (LINK), Polygon (MATIC), and Litecoin (LTC).
Binance explained that it would remove certain liquidity pools from Binance Liquid Swap, which allows users to provide liquidity in the pools to earn transaction fees and easily swap cryptocurrencies.
In the announcement made by Binance, it was stated that liquidity pools such as AAVE/BTC, ADA/ETH, ADA/USDT, ARB/BTC, BCH/BTC, DOT/BTC, DOT/USDT, ETH/DAI, FIL/BTC, LINK/ETH, LINK/USDT, LTC/BNB, LTC/BTC, LTC/ETH, LTC/USDT, MANA/BTC, MATIC/USDT, SAND/BTC, SOL/BTC, SOL/USDT, UNI/BNB, UNI/BTC, VET/USDT, XRP/BNB, XRP/BTC, and XRP/ETH will be removed.
Users will not be able to add liquidity to these pools starting from 07:00 AM Turkey Standard Time on December 18th. Binance announced that the assets of users who have positions in these liquidity pools will be automatically transferred to their spot wallets on December 22nd.
Binance added that it periodically reviews the listed liquidity pools to concentrate liquidity, reduce slippage, and offer better transaction prices for users. Thus, the exchange aims to provide an optimized trading experience.