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Binance Liquidity Mining Removes APT/BUSD Pool On Aug 4

Key Points:

Binance has reviewed its liquidity pools and will be closing certain ones on August 4, 2023.
The closure aims to concentrate liquidity for users, facilitate more efficient trading, and minimize price slippage.
Users who hold positions in the affected liquidity pools need not worry as Binance will automatically return their deposited assets to their Spot wallets.

Binance Liquid Swap has undertaken a periodic review of listed liquidity pools. Based on their most recent evaluations, Binance Liquid Swap has made the decision to close certain liquidity pools on August 4, 2023, at 04:00 (UTC).

The liquidity pools that will be closed are as follows: APT/BUSD, ATA/BTC, AXS/USDT, BAKE/BNB, BAKE/BTC, DAR/BNB, ELF/BTC, ELF/USDT, FLOKI/USDT, FTM/BNB, GLMR/USDT, GMX/BTC, GMX/USDT, GNS/USDT, ID/USDT, ILV/BTC, ILV/USDT, KSM/USDT, LOKA/BNB, LOKA/USDT, LQTY/USDT, MKR/USDT, MULTI/BTC, MULTI/USDT, NEAR/BUSD, PERP/USDT, SNX/USDT, STX/USDT, SUI/USDT, SYN/USDT, TLM/BTC

The closure of these liquidity pools is aimed at concentrating liquidity for users, facilitating more efficient trading, and minimizing price slippage, ultimately leading to an improved trading experience on the Binance platform.

Users who currently hold positions in any of the aforementioned liquidity pools need not worry. BNB Liquid Swap will automatically return the deposited assets to their Spot wallets on August 4, 2023, at 04:00 (UTC).

The move to close specific liquidity pools is part of Binance’s commitment to continually enhancing its services and features, ensuring a seamless and user-friendly trading environment for its global community of users.

Binance Liquid Swap’s decision to close specific liquidity pools on August 4, 2023, represents a strategic move towards enhancing the trading experience for its users. As the crypto market continues to evolve, BNB remains dedicated to supporting its community with cutting-edge solutions and user-centric features.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.