Crypto exchange giant Binance announced that it will be delisting 22 liquidity pools listed on Binance Liquid Swap. The cryptocurrency exchange will close 22 liquidity pools offered for 22 altcoins on November 10.
Here are the Liquidity Pools to be Removed
Binance is going to make some changes to its Liquid Swap platform to improve trading conditions. On November 10th at 07:00 AM UTC, they will remove 22 liquidity pools for certain altcoins. If you have assets in these pools, don’t worry, they will be automatically moved to your regular spot wallet on the same day.
The 22 liquidity pools they’re removing are for these trading pairs: AGIX/USDT, ALGO/USDT, ANT/USDT, BNB/USDC, CFX/USDT, DAR/USDT, ETC/USDT, FET/USDT, GAL/USDT, GRT/USDT, LDO/BTC, LDO/USDT, MAGIC/USDT, NEAR/USDT, NEO/ETH, OP/BTC, OP/USDT, SAND/USDT, SC/USDT, SUSHI/USDT, UNI/USDT, and WRX/USDT.
You won’t lose the ability to trade these pairs, though. They will still be available on Binance Spot. But the specific liquidity pools for them on Liquid Swap will be removed.
Starting from November 6th at 07:00 AM UTC, you won’t be able to add more assets to these pools, and you can withdraw your assets until November 10th. If you don’t withdraw them by then, your assets will be moved to your spot wallet based on the pool’s current ratios.
What is Binance Liquid Swap?
Binance Liquid Swap is a feature from the Binance exchange that lets people exchange cryptocurrencies and earn money by providing liquidity. It’s designed to make trading faster and easier by automatically adjusting prices for users.
With this service, users can trade specific cryptocurrency pairs without worrying about market prices. The prices are set automatically, so you can swap your cryptocurrencies hassle-free. Plus, Binance Liquid Swap offers low fees, making it convenient for users to trade and provide liquidity.
One of the cool things about Binance Liquid Swap is that you can make money by adding your cryptocurrencies to liquidity pools. When you do this, you get a portion of the fees generated by these pools. Additionally, you can easily swap between different cryptocurrency pairs, so you can choose the ones that match your preferences and investment strategy. The service is user-friendly and makes trading a breeze.