Crypto exchange Binance will remove several liquidity pools of large-cap altcoins from its swap service.
In a blog announcement on December 15, 2023, Binance announced that it would be removing several liquidity pools from its swap service Binance Liquid Swap. The move is described as a regular review that Binance is conducting to “concentrate liquidity, reduce slippage, and provide users with better transaction prices.”
Starting December 22, 2023, Binance will remove the following liquidity pairs:
- 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 announced that positions in the above liquidity pools will be automatically converted to users' spot wallets at 04:00 a.m. (UTC) on December 22, 2023. The exchange emphasized that the removal of the above pairs will not affect trading of the corresponding pairs on Binance itself.
Launched in September 2020, Binance Liquid Swap is a decentralized finance platform that allows users to generate passive income by contributing liquidity to liquidity pools. In exchange for liquidity, users receive fees for the trades that take place in liquidity pools.
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