Binance Will Stop 39 Liquidity Pools on September 1st

Key Points:

• According to the official announcement, Binance will remove 39 liquidity pools on Liquidity Mining on September 1, 2023.
• The decision was made following the platform’s latest liquidity mining performance review.
• The liquidity of the listed liquidity pools will be assessed regularly to ensure that users are provided with a trading experience.

According to the official announcement, following the latest assessment of liquidity mining, Binance decided to close 39 liquidity pools on September 1, 2023.

Specifically, the following liquidity pools will be closed at 12:00 on September 1, 2023: ADA/BNB, ALICE/BTC, APE/BTC, AVA/USDT, AVAX/BNB, BTC/TUSD, CHZ /BNB, CHZ/BTC, CTSI/BNB, DOT/BUSD, ENJ/USDT, FIL/BNB, FRONT/BUSD, GALA/BNB, ICP/BNB, ID /BTC, KDA/USDT, LIT/USDT, MATIC/BNB, NEO/BNB, PAXG/USDT, PEPE/USDT, SANTOS/USDT, SUSHI/BNB, SUSHI/BTC, SXP/BNB, SXP/BTC, THETA/BNB, THETA/BTC, TKO/USDT, TLM/USDT, TRX /BNB, TRX/ETH, WBTC/ETH, XMR/ETH, XMR/USDT, XVS/BTC, XVS/USDT, ZEN/USDT.

According to the announcement, the removal of the liquidity, as mentioned earlier, pools does not affect the trading of the respective pairs on Binance Spot, if any. Users can still trade on other liquidity pools available on Binance Liquid Swap.

Users cannot add liquidity to the above liquidity pools as of 8/28/2023 06:00 (UTC). Besides, users can redeem their assets from the above liquidity pool before September 1, 2023, 04:00 (UTC). Then, the deposits in the liquidity pool will be calculated based on the current composition of the respective pool and automatically converted to the user’s Spot wallet.

According to Binance, Binance Liquidity Mining regularly evaluates the liquidity of listed liquidity pools to ensure that users have a high-quality trading experience, pricing, and slippage.

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