One of the world's largest cryptocurrency exchanges, Binance, has stated that it will delist a number of liquidity pools, including for well-known assets such as Chainlink (LINK), Cardano (ADA), and Shiba Inu (SHIB).
Binance regularly evaluates the liquidity pools it provides to maintain a smooth and effective trading environment. According to Binance, the main goals of these reviews are to concentrate liquidity, reduce slippage, and provide users with better transaction prices.
In Binance's latest report, there are other liquidity pools including BNB/BUSD, BTC/BUSD, BUSD/DAI, BUSD/USDT, DOGE/BUSD, ETH/BUSD, FIL/BUSD, GMT/BUSD, HOOK/BUSD, LINK/BUSD , LTC/BUSD, MATIC/BUSD, POND/BUSD, SHIB/BUSD, SOL/BUSD and UNI/BUSD.
The following liquidity pools will be eliminated through Binance Liquid Swap on October 27, 2023 at 4:00 a.m. (UTC). Additionally, the deposited assets of people invested in these liquidity pools would be automatically transferred to their spot wallets at the same time.
However, trading of the associated pairs on the Binance spot may remain unaffected by the removal of these liquidity pools. Users can continue to trade these pairs in the same way as before. Binance removed Sonm (SNM), Serum (SRM), and DFI.Money (YFII) from its exchange in August.
Also Read: Binance Adds New Euro-Fiat Partners for Euro Services
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