Crypto exchange Binance is set to delist multiple liquidity pools with large-cap altcoins from its swap service.
In a blog announcement on Dec. 15, Binance said it would remove multiple liquidity pools from its swap service, Binance Liquid Swap. The move is described as a periodic review, which Binance conducts to “concentrate liquidity, reduce slippage and provide users with better transaction prices.”
Starting from Dec. 22, Binance will remove the following liquidity pairs:
- AAVE/BTC, ADA/ETH, ADA/USDT, ARB/BTC, BCH/BTC, DOT/BTC, DOT/USDT, ETH/DAI, FIL/BTC, LINK/ETH, LINK/USDT, LTC/BNB, LTC/BTC, LTC/ETH, LTC/USDT, MANA/BTC, MATIC/USDT, SAND/BTC, SOL/BTC, SOL/USDT, UNI/BNB, UNI/BTC, VET/USDT, XRP/BNB, XRP/BTC, XRP/ETH
Binance noted it would automatically convert positions in the above liquidity pools in users’ spot wallets on Dec. 22, 2023, at 04:00 (UTC). The exchange emphasized the removal of the aforementioned pairs does not impact the trading of the corresponding pairs on Binance itself.
Launched in September 2020, Binance Liquid Swap is a decentralized finance platform that enables users to generate passive income by contributing liquidity to liquidity pools. In return for liquidity, users earn fees on the trades that take place in liquidity pools.
Source: https://crypto.news/binance-to-remove-eth-xrp-ada-liquidity-pools-to-reduce-slippage/