Binance Liquid Swap has announced the discontinuation of multiple liquidity pools. This move aims to reduce slippage and improve transaction pricing, reflecting the platform’s dedication to delivering optimal trading conditions.
After a comprehensive review, Binance Liquid Swap has identified the liquidity pools that will be phased out as of October 17, 2023, at 04:00 (UTC). The affected pools include HFT/USDT, IDEX/USDT, LEVER/USDT, MAGIC/BTC, MANA/BUSD, OP/BUSD, XRP/BUSD, BEL/USDT, FTM/BUSD, FUN/USDT, GMT/BNB, GMT/ETH, XRP/BUSD, and XRP/BUSDT.
To ensure a smooth transition, all assets held within these liquidity pools will be automatically transferred to users’ Spot wallets at the specified time and date. This transition will not disrupt trading for relevant pairs on Binance Spot, providing continued access to these assets.
Key Points to Keep in Mind
The discontinuation of these liquidity pools will not impact trading for relevant pairs on Binance Spot. Users will retain access to the diverse liquidity pools available on Binance Liquid Swap. Starting from October 13, 2023, at 04:00 (UTC), deposits into the affected liquidity pools will no longer be accepted.
Users are encouraged to withdraw their funds from the affected liquidity pools before October 17, 2023, at 04:00 (UTC). The credited amount in their Spot accounts will depend on the pools’ current composition ratios.
In addition to the liquidity pool changes, Binance is set to list Neutron_org’s $NTRN with the Seed Tag applied, expanding its offerings for users seeking diverse trading opportunities. Stay tuned for further updates on this exciting development.
The firm notes that composition ratios of Liquid Swap holdings may change over time due to the nature of liquidity pools. For a more detailed explanation, consult the Frequently Asked Questions (FAQ) section.
