Crypto Exchange Binance to Delist Multiple Liquidity Pools
Binance, a popular crypto exchange, has announced that it will be delisting several liquidity pools containing large-cap altcoins from its swap service called Binance Liquid Swap. This decision comes as part of Binance’s regular review process to improve liquidity concentration, reduce slippage, and offer users better transaction prices.
Removal of Liquidity Pairs
Starting from December 22, 2023, the following liquidity pairs will be removed:
- 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, XRP/ETH
Binance has assured users that the removal of these pairs will not affect trading of the corresponding pairs on the platform itself.
Automatic Conversion in Spot Wallets
On December 22nd at 04:00 (UTC), Binance will automatically convert positions held in the above-mentioned liquidity pools to users’ spot wallets. This ensures a seamless transition for users.
About Binance Liquid Swap
Binance Liquid Swap is a decentralized finance platform launched in September 2020. It allows users to earn passive income by contributing liquidity to liquidity pools. In return, users receive fees from trades that occur within these pools.
Hot Take: Binance Streamlining Liquidity for Better Trading Experience
Binance’s decision to delist certain liquidity pools from its swap service reflects the exchange’s commitment to improving liquidity concentration and transaction prices. By periodically reviewing and adjusting their offerings, Binance aims to provide users with a better trading experience. While this may require some adjustments for users with positions in the delisted pairs, Binance has taken steps to automatically convert these positions and ensure a smooth transition. As the crypto market continues to evolve, exchanges like Binance play a crucial role in optimizing trading conditions and supporting the growth of decentralized finance.
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