Binance Liquid Swap to Remove Liquidity Pools
Binance Liquid Swap has announced that it will be removing certain liquidity pools from its platform on January 5, 2024. The decision is aimed at improving the user trading experience by streamlining liquidity and minimizing slippage. As a result, liquidity pools for Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Dogecoin (DOGE), Shiba Inu (SHIB), and XRP will be delisted.
List of Liquidity Pools to Be Removed
According to the announcement, the following Binance liquidity pools will be removed on January 5, 2024:
- ADA/BTC
- BNB/USDT
- BTC/USDT
- DOGE/BTC
- DOGE/USDT
- ETH/USDT
- LINK/BTC
- SHIB/USDT
- USDT/DAI
- XRP/USDT
Users with positions in these pools will receive their deposited assets in their Spot wallets automatically. The removal of these liquidity pools will not affect the trading of corresponding pairs on Binance Spot.
Delisting of GBP Spot Trading Pairs
Binance has recently delisted several cryptocurrency trading pairs in GBP on its Spot platform. The delisting includes pairs for Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Binance Coin (BNB), XRP, Cardano (ADA), Polygon (MATIC), Chainlink (LINK), Dogecoin (DOGE), and Litecoin (LTC). This delisting took effect on December 29, 2023.
This move comes after Binance stopped accepting new customers in the UK due to regulatory restrictions. Users trading via GBP had been facing issues with withdrawals and deposits after the exchange terminated its operating agreement with its banking partner in the UK. The delisting of spot trading pairs aims to address these challenges.
Hot Take: Binance Streamlines Liquidity Pools and Delists GBP Trading Pairs
Binance continues to make changes to its platform in order to enhance user experience and comply with regulatory requirements. By removing liquidity pools and delisting certain trading pairs, Binance aims to streamline liquidity, minimize slippage, and address challenges faced by users trading via GBP. These actions demonstrate Binance’s commitment to providing a more efficient and seamless trading environment for crypto enthusiasts.
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