Binance plans to remove several liquidity pools from its Liquid Swap platform to improve the trading experience. The removal will take effect on September 1, 2023. Users with positions in these pools automatically return their assets to their spot wallets. However, you can redeem your assets before the move-out date.
Binance, one of the world's leading cryptocurrency exchanges, has announced the removal of a significant number of liquidity pools from its Liquid Swap platform. This decision arises from Binance's regular review, which aims to refine the trading experience for its users by concentrating liquidity. Traders should monitor these tokens closely as removal from token trading pairs can affect their prices.
Liquidity pools scheduled to be removed on September 1, 2023 at 04:00 (UTC) include: ADA/BNB, ALICE/BTC, APE/BTC, AVA/USDT, AVAX/BNB, BTC/TUSD, CHZ/ BNB, CHZ /BTC, CTSI/BNB, DOT/BUSD, ENJ/USDT, FIL/BNB, FRONT/BUSD, GALA/BNB, ICP/BNB, ID/BTC, KDA/USDT, LIT/USDT, MATIC/BNB, NEO/BNB , PAXG/USDT, PEPE/USDT, SANTOS/USDT, SUSHI/BNB, SUSHI/BTC, SXP/BNB, SXP/BTC, THETA/BNB, THETA/BTC, TKO/USDT, TLM/USDT, TRX/ BNB, TRX /ETH, WBTC/ETH, XMR/ETH, XMR/USDT, XVS/BTC, XVS/USDT and ZEN/USDT.
Users with positions in these liquidity pools will have their deposited assets automatically returned to their spot wallets on the above date and time.
It is important for users to understand that the removal of these liquidity pools will not affect trading of the corresponding pairs on Binance Spot. As of August 28, 2023 at 06:00 UTC, the platform will no longer accept liquidity contributions to these pools. However, users have the option to redeem their assets from these pools before the removal date. After Starting September 1, deposits in these liquidity pools will be determined based on the prevailing composition ratios of each pool and will be automatically redeemed into users' spot wallets.
Binance has also highlighted that the composition ratios of liquid swap positions could change due to the inherent nature of liquidity pools. For a deeper understanding, users are referred to the FAQ section of the platform.
The announcement was made officially on August 28, 2023 by the Binance team.
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