Binance, the world’s largest cryptocurrency exchange by daily transaction volume, came to the fore with the announcements it made this morning. An announcement from the exchange was regarding pairs being removed from liquidity pools. His other announcement was about the opening of new bilateral investment product groups. Here are the details…
Binance removes 12 pairs from Liquid Swap
Binance Liquid Swap, which aims to improve the trading experience of its users, recently conducted a review of its liquidity pools. He said the aim of this review was to optimize trading conditions by concentrating liquidity, reducing slippage and ultimately providing better trading prices. Based on the results of this evaluation, Binance Liquid Swap made an announcement. It will make some changes, especially effective as of October 17, 2023 at 07:00 CET. On this date, the following liquidity pools will be removed from Binance Liquid Swap:
- BEL/USDT
- FTM/BUSD
- FUN/USDT
- GMT/BNB
- GMT/ETH
- HFT/USDT
- IDEX/USDT
- LEVER/USDT
- MAGIC/BTC
- MANA/BUSD
- OP/BUSD
- XRP/BUSD
Users who currently hold positions in any of these liquidity pools should note the following:
- Assets deposited into the above liquidity pools will be automatically transferred to users’ Spot wallets on October 17, 2023 at 07:00 UTC.
- It is important to understand that the removal of these liquidity pools does not affect trading of the respective pairs on Binance Spot. Users will be able to continue trading these pairs as usual.
- In addition, starting from 07:00 UTC on October 13, 2023, users will not be able to add liquidity to the above-mentioned pools.
Stock Exchange introduced binary investment products
Binance is also excited to announce the launch of a new suite of Binary Investment products. These products, which come with updated Target Prices and Settlement Dates, are of critical importance. Because it offers users the opportunity to benefit from the “Sell High” or “Buy Low” strategy. These Binary Investment products are offered on a “first come, first served” basis. Binary Trading allows users to
- Choosing between “Sell High” and “Buy Low” products.
- They can choose the price (“Target Price”) and date (“Settlement Date”) they want to buy or sell.
- Enjoy rewards in popular cryptocurrencies without paying any fees.
There are “BTC, ETH, SOL, MATIC, ADA, BNB, DOT, BCH, AVAX, FTM, ALGO, NEAR, ATOM, XRP, DOGE and LTC” as deposit assets for the high selling option. Likewise, Bitcoin and these altcoins are included in the buy low option of the Binance exchange.
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