Crypto News– On Monday, the world’s largest cryptocurrency exchange, Binance, announced the removal of 39 liquidity pools from its Binance Liquid Swap. Notably, prominent coins and tokens like Cardano (ADA), Polygon (MATIC), Bitcoin (BTC), Tron (TRX), Avalanche (AVAX), Polkadot (DOT), Filecoin (FIL), and Pepe Coin (PEPE) have been taken off the liquidity pools.
Binance Delists Cardano, MATIC, Pepe Coin, BTC & 35 Other Liquidity Pools: Implications Unveiled
Binance’s Announcement of Liquidity Pool Elimination In an official statement released on August 28, cryptocurrency exchange Binance revealed its decision to eliminate 39 liquidity pools. Typically, Binance regularly introduces and removes cryptocurrencies from its products and services. However, due to regulatory challenges and lawsuits from the U.S. SEC and CFTC, Binance has been prompted to make these adjustments, as trading volumes and liquidity have experienced significant declines. Binance will remove 13 BNB pairs from the liquidity pool on September 1 at 04:00 UTC. The affected pairs include ADA/BNB, MATIC/BNB, FIL/BNB, AVAX/BNB, TRX/BNB, CHZ/BNB, CTSI/BNB, GALA/BNB, NEO/BNB, SUSHI/BNB, SXP/BNB, THETA/BNB, and ICP/BNB.
Pairs involving Bitcoin and Ethereum consist of ALICE/BTC, APE/BTC, CHZ/BTC, ID/BTC, SUSHI/BTC, SXP/BTC, THETA/BTC, and TRX/ETH.
Other affected liquidity pools encompass BTC/TUSD, DOT/BUSD, FRONT/BUSD, AVA/USDT, ENJ/USDT, KDA/USDT, LIT/USDT, PAXG/USDT, PEPE/USDT, SANTOS/USDT, TKO/USDT, and TLM/USDT.
Starting from today, users will no longer be able to contribute liquidity to the aforementioned pools. Additionally, users holding positions in the affected liquidity pools will receive their deposited assets in their wallets on September 1.
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