Binance, the world’s largest cryptocurrency exchange, has announced that it will remove certain major liquidity pools from Binance Liquid Swap. In this context, 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) will be removed.
Binance Liquid Swap allows users to become liquidity providers, earn transaction fees and BNB rewards, and easily swap their cryptocurrencies. Binance has announced that it will remove certain liquidity pools.
According to the announcement made by Binance, the liquidity pools for 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 indicated that the assets of users with 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 to its users. Thus, it aims to provide an optimized trading experience. Similar steps have been taken in the past, and certain major liquidity pools have been removed.