Binance to Cut These XRP and ADA Products as Exchange Remains Aim for SEC

Binance set to trim its product offerings involving XRP and Cardano (ADA) amid heightened regulatory scrutiny.

In a strategic move aimed at optimizing the trading experience for its users, Binance, the world's largest cryptocurrency exchange, has announced the delisting of several products involving XRP and Cardano (ADA).  This decision comes as part of Binance Liquid Swap's periodic review of listed liquidity pools to concentrate liquidity, reduce slippage and enhance transaction prices.

The move, scheduled for Dec. 22, will see the removal of various liquidity pools, including ADA/ETH, ADA/USDT, XRP/BNB, XRP/BTC and XRP/ETH, among others. As reported, Binance Liquid Swap aims to streamline its offerings to ensure an optimized trading environment for its users.

Binance has been under investigation throughout the year, leading to a recent settlement with the DOJ, involving a substantial $4.3 billion fine, the departure and trial of the CEO, and comprehensive compliance changes. The DOJ has outlined stringent monitoring operations that Binance must adhere to, including providing access to all requested information and documents, monitoring anti-money laundering (AML) activities and overseeing the movement of assets. 

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