Crypto News – Friday saw the removal of certain liquidity pools from Binance Liquid Swap, the largest cryptocurrency exchange in the world.
Crypto Exchange Binance Delists: Announced Delisting Many Liquidity Pools Today
By simply swapping cryptocurrency tokens, users may become liquidity providers with Binance Liquid Swap, where they can also earn transaction fees and BNB rewards. By December 22, Litecoin (LTC), Bitcoin Cash (BCH), Polkadot (DOT), Chainlink (LINK), Polygon (MATIC), Solana (SOL), Cardano (ADA), Ethereum (ETH), and XRP are set to be removed from the primary liquidity pools on the cryptocurrency market. According to Binance, it regularly evaluates listed liquidity pools in an effort to improve transaction pricing for customers, concentrate liquidity, and lessen slippage.
As of December 18, No Liquidity Will Be Added to These Pools
A few significant liquidity pools, including ADA/ETH, ADA/USDT, BCH/BTC, DOT/BTC, DOT/USDT, ETH/DAI, LINK/ETH, LINK/USDT, LTC/BNB, LTC/BTC, LTC/ETH, LTC/USDT, MATIC/USDT, SOL/BTC, SOL/USDT, XRP/BNB, XRP/BTC, and XRP/ETH, will be delisted, according to Binance’s announcement. Additional liquidity pools include VET/USDT, UNI/BNB, UNI/BTC, AAVE/ETH, ARB/BTC, FIL/BTC, MANA/BTC, SAND/BTC, and UNI/BTC.
Starting at 4:00 UTC on December 18, users will not be able to add liquidity to the aforementioned liquidity pools. Additionally, on December 22, customers holding positions in the aforementioned liquidity pools will instantly get the cryptocurrency assets they have put into their spot wallets.
Users can choose to redeem their assets from the above liquidity pools before 2023-12-22 04:00 (UTC). Thereafter, deposits in the liquidity pools will be calculated based on the prevailing composition ratios of the corresponding pool, and automatically redeemed to users’ Spot wallets,
the announcement
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