In an announcement Binance Liquid Swap stated that certain liquidity pools will be removed from the platform on January 5, 2024. Binance Liquid Swap currently conducts regular reviews on listed liquidity pools to improve user trading experience.
This evaluation aims to regulate liquidity, minimize slippage and offer more affordable transaction prices for users. Because, crypto- The exchange will delist liquidity pools related to Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Dogecoin (DOGE), Shiba Inu (SHIB) and XRP.
List of Liquidity Pools to be Excluded from Binance Liquid Swap
According to the latest announcement, the following Binance liquidity pools are scheduled to be removed on January 5, 2024 at 04:00 UTC: ADA/BTC, BNB/USDT, BTC/USDT, DOGE/BTC, DOGE/USDT, ETH/USDT, LINK/ BTC, SHIB/USDT, USDT/DAI, XRP/USDT.
It is important to note that users with positions in these pools will automatically receive their deposited assets into their Spot wallet at 04:00 UTC on January 5, 2024. Binance also stated that these liquidity pools will not affect trading of the respective pairs on Binance Spot.
Koinfinans.com As we reported, Users also have the option to withdraw their assets from these pools before 04:00 on January 5, 2024. Those who cannot use their deposits before this date will automatically have them transferred to users’ Spot wallets according to the current composition rates. However, starting from 04:00 UTC on January 1, 2024, investors will not be able to add liquidity to the pools mentioned above.
Delisting of GBP Spot Trading Pairs
Binance recently announced the delisting of several GBP-denominated cryptocurrency trading pairs on Binance Spot. Delisting plan Bitcoin It included notable pairs such as (BTC), Ethereum (ETH), Solana (SOL), Binance Coin (BNB), XRP, Cardano (ADA), Polygon (MATIC), Chainlink (LINK), Dogecoin (DOGE), and Litecoin (LTC) . The delisting took effect from December 29, 2023.
Previously, in October 2023, the crypto trading platform stopped accepting new clients in the UK to comply with new FCA regulations limiting promotions by international digital asset firms in the country. Later, users trading in GBP faced issues with withdrawals and deposits after the exchange terminated its operating agreement with its UK banking partner. Therefore, it had to delist spot trading pairs to alleviate the difficulties faced by its users.