Binance announced the removal of several liquidity pools as part of a regular review process undertaken by Binance. The edits will take effect from November 24, 2023, at 04:00 UTC.
Intending to optimize the trading environment for users, Binance periodically reviews and adjusts the listed liquidity pools on its Liquid Swap platform. The goal of these revisions is to concentrate liquidity that, in turn, reduces slippage and ensures a more productive transactional experience for the user.
The forthcoming changes will affect the following liquidity pools: 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, and WOO/USDT.
It's important to note that these measures do not impact the trading of the corresponding pairs on Binance's Spot platform where it is applicable. Users further have the option to trade on other liquidity pools available on Binance Liquid Swap.
In terms of user impact, those holding positions in the removed liquidity pools will automatically have their deposited assets moved to their Spot wallets. This process will coincide with the removal of the liquidity pools, beginning on November 24, 2023, at 04:00 UTC. Binance has also specified that users will be unable to add liquidity to these pools from November 20, 2023, at 04:00 UTC.
