Binance Liquid Swap, a popular liquidity pool service provided by cryptocurrency exchange Binance, has announced the removal of selected liquidity pools to optimize their trading experience for its users.
Multiple Altcoin Trading Pairs Removed from Binance Liquid Swap
The removal of these liquidity pools is scheduled for August 4, 2023, at 07:00.
The decision to remove these liquidity pools was made as part of Binance's periodic review to intensify liquidity and provide a price- and slider-efficient trading environment. Following the final reviews, the following liquidity pools will be closed.
APT/BUSD ATA/BTC AXS/USDT BAKE/BNB BAKE/BTC DAR/BNB ELF/BTC ELF/USDT FLOKI/USDT FTM/BNB GLMR/USDT GMX/BTC GMX/USDT GNS/USDT ID/USDT ILV/BTC ILV/ USDT KSM/USDT LOKA/BNB LOKA/USDT LQTY/USDT MKR/USDT MULTI/BTC MULTI/USDT YAKIN/BUSD PERP/USDT SNX/USDT STX/USDT SUI/USDT SYN/USDT TLM/BTC
Users holding positions in these liquidity pools will automatically receive their deposited assets into their Spot wallets on the specified date.
It is important to note that the removal of liquidity pools does not affect the trading of the respective pairs on Binance Spot. Users will be able to continue trading in other available liquidity pools offered by Binance Liquid Swap.
From 07:00 on 31 July 2023, users will no longer be able to add liquidity to the above mentioned pools. Users have the option to withdraw their assets from these liquidity pools before 07:00 on August 4, 2023.
After this date, any remaining deposits in these liquidity pools will be automatically transferred to users' Spot wallets according to the current composition rates of the relevant pool.
As with all liquidity pool positions, users are reminded that due to the nature of liquidity pools, they are subject to changes in composition ratios. For more detailed information, users are recommended to refer to the FAQ section provided.
*Not investment advice.