Time flows differently in the crypto world. The speed is so fast that it is not possible to catch everything that is happening. Binance, the world’s largest cryptocurrency exchange, also makes frequent updates to its lists to keep up with this. Stating that it prioritizes user experience, the exchange announced that it is now cleaning its liquidity pools. Accordingly, the exchange removes 25 transaction parities in 21 altcoins.
Binance removes 25 trading pairs for 21 altcoins!
As you follow on Kriptokoin.com, Binance frequently reviews its lists and makes various changes. In the latest development, the stock exchange announced that it has made some changes in order to provide the best trading experience. In this context, Binance Liquid Swap underlines that it periodically reviews the listed liquidity pools to concentrate liquidity, reduce slippage and offer better transaction prices to users. The exchange announced that based on its latest reviews, it will remove the following liquidity pools at 07:00 UTC on November 24:
ALICE/USDT, APE/USDT, APT/BTC, APT/USDT, ARB/USDT, ARPA/USDT, ATOM/USDT, AVA/BTC, AXS/BTC, BAKE/USDT, EDU/USDT, ETC/BTC, FTM/ BTC, HOOK/USDT, MAV/BTC, MAV/USDT, NEO/BTC, ONE/USDT, PHA/USDT, RDNT/BTC, RDNT/USDT, SXP/USDT, THETA/USDT, WOO/BNB, WOO/USDT.
Cryptocurrency exchange explained how the process will work and made warnings
The exchange stated that users who hold positions in the above liquidity pools will automatically receive their deposited assets into their spot wallets on the specified date. In this regard, Binance made the following warnings to users:
- The removal of the liquidity pools mentioned above will not affect the trading of the relevant pairs on Binance Spot.
- It is possible for users to continue trading in other liquidity pools available on Binance Liquid Swap.
- Users will not be able to add liquidity to the above liquidity pools as of November 20 at 07:00 UTC.
- Users have the opportunity to choose to remove their assets from the above liquidity pools before 07:00 UTC on November 24th. From now on, we will calculate deposits in liquidity pools according to the applicable composition rates of the relevant pool. Additionally, we will automatically transfer it to users’ spot wallets.
Binance is removing RUB pairs!
As we reported as Kriptokoin.com, Binance announced that it removed some spot transaction parities on Friday. Binance is halting crypto trading in Russian rubles as part of its full exit from Russia. In this regard, the exchange stated that some important cryptos will remove the Ruble parity, including Cardano (ADA), Polygon (MATIC), BNB, Ethereum (ETH), Litecoin (LTC), Solana (SOL) and XRP.
According to an official announcement made on November 17, Binance added Russian Ruble (RUB) pairs on November 20, “ADA/RUB, BNB/RUB, BUSD/RUB, DOT/RUB, ETH/RUB, LTC/RUB, MATIC/ It will remove some important spot trading pairs such as “RUB, SOL/RUB, XRP/RUB, ALGO/RUB, ARB/RUB, ARKM/RUB, ARPA/RUB, NEAR/RUB and WLD/RUB”.
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