LIVEImportant announcement of Binance exchange; More than 30 cash pools will be removed!
Study time: 2 minutes
Binance, the world's largest cryptocurrency exchange, announced today that it will continue to remove select liquidity pools from its Liquid Swap service.
Binance's Liquid Swap service allows users to receive transaction fees as a reward by providing liquidity to pools.
According to the exchange's official statement on November 29, Binance plans to remove some important liquidity pools, including Paligan, Solana, Tron, Shiba Inu, Bitcoin Cash, Olanch, and Polkadata by December 6.
Some liquidity pools that are going to be removed from the Binance Liquid Swap service are:
AVAX/USDT, BCH/BNB, BCH/USDT, DOT/BNB, MATIC/BTC, SHIB/DOGE, SOL/BNB, TRX/USDT, USDC/USDT, AAVE/BNB, AAVE/ETH, AAVE/USDT, CAKE/ USDT, CHZ/USDT, COMP/BTC, DUSK/USDT, DYDX/BTC, DYDX/USDT, EDU/BTC, FIL/USDT, FTM/USDT, GALA/USDT, GMT/BTC, GMT/USDT, HOOK/BTC, ICP/USDT, INJ/BNB, MANA/USDT, NEAR/BTC, NEO/USDT, RUNE/USDT, VET/BTC, VET/ETH.
In this way, users will no longer be able to add new liquidity to the aforementioned liquidity pools from December 4. Additionally, users with positions in the above liquidity pools will automatically receive their deposited crypto assets in their SPOT wallets on December 6th.
Binance has announced that it periodically reviews the listed liquidity pools to concentrate liquidity, reduce slippage and provide better prices to its users, thereby ensuring an optimal trading experience on its digital currency exchange for its customers.
