Crypto exchange Binance removing key liquidity pools including Polygon (MATIC), Solana (SOL), Tron (TRX), and Shiba Inu (SHIB).
The exchange announced via a blog post that it would be eliminating several liquidity pools from Binance Liquid Swap, its swap service. Binance describes the measure as part of a regular review process aimed at “concentrating liquidity, reducing slippage, and providing users with better transaction prices.”
Beginning on December 22, Binance is going to eliminate the following pairs of liquidity: ETH/DAI, FIL/BTC, LINK/ETH, LINK/USDT, AAVE/BTC, ADA/ETH, ADA/USDT, ARB/BTC, BCH/BTC, DOT/BTC, DOT/USDT, LTC/BNB, LTC/BTC, LTC/ETH, LTC/USDT, MANA/BTC, MATIC/USDT, SAND/BTC, SOL/BTC, SOL/BTC, UNI/BTC, VET/USDT, XRP/BNB, XRP/BTC, XRP/ETH.
On December 22, 2023, at 4:00 (UTC), Binance announced that it would automatically convert users’ positions in the liquidity above pools in their spot wallets.
The exchange made it clear that trading of the associated pairs on Binance remains unaffected by the elimination of the aforementioned pairs. Binance Liquid Swap is a decentralized finance platform that allows users to contribute liquidity to liquidity pools and earn passive income.
It was launched in September 2020. Users receive fees on trades made in liquidity pools in exchange for liquidity.
