Binance, a leading cryptocurrency exchange, continues to periodically review its listed liquidity pools to enhance the trading experience for its users. The primary goals of these reviews include consolidating liquidity, minimizing price slippage, and ensuring users benefit from improved transaction prices. The exchange has announced the removal of certain trading pairs as a result of its latest evaluation.
Effective from 07:00 (Turkey Time) on January 5, 2024, Binance will remove several liquidity pools. The affected pools include ADA/BTC, BNB/USDT, BTC/USDT, DOGE/BTC, DOGE/USDT, ETH/USDT, LINK/BTC, SHIB/USDT, USDT/DAI, and XRP/USDT. Users with positions in these pools will automatically receive their assets in their spot wallets at the specified time.
Binance has clarified for its users that the removal of these liquidity pools will not affect the trading of corresponding pairs on Binance Spot, where applicable. While these pools are being removed, users can continue to trade in other available liquidity pools on Binance Liquid Swap.
Starting from 07:00 (Turkey Time) on January 1, 2024, users will not be able to add liquidity to the listed pools. However, they will have the option to utilize their assets in the affected liquidity pools before January 5, 2024, at 07:00. Subsequently, any remaining deposits in the liquidity pools will be automatically redeemed, and the assets will be deposited into users’ spot wallets.
Binance Liquid Swap is committed to maintaining a dynamic and efficient trading environment. These adjustments aim to facilitate liquidity, enhance user experience, and ensure the platform continues to meet the evolving needs of its users.