- Binance announces strategic adjustments to optimize user experience and focus on liquidity.
- Removal of liquidity pools on Binance Liquid Swap, affecting 40 trading pairs, including PEPE and ADA.
- Automatically transferred assets, continued trading opportunities on Binance Liquid Swap.
Binance, the undisputed leader in the field of cryptocurrency exchanges, has announced the removal of liquidity pools from the Binance Liquid Swap platform.
These modifications aim to improve the trading experience for users and better focus on the liquidity of certain trading pairs.
According to the official statement issued by Binance today, investors should expect these changes to take effect from September 1, 2023.
List of pairs to be removed from Binance Liquid Swap
This action will impact almost 40 trading pairs, including the popular PEPE and AVAX pairs. The affected pairs are:
ADA/BNB, ALICE/BTC, APE/BTC, AVA/USDT, AVAX/BNB, BTC/TUSD, CHZ/BNB, CHZ/BTC, CTSI/BNB, DOT/BUSD, ENJ/USDT, FIL/BNB, FORWARD/ 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
Binance ensures that those who hold positions in the affected liquidity pools will see their assets automatically transferred to their cash wallets. This process will take place at 04:00 (UTC) on the indicated date, ensuring a smooth and hassle-free transition.
Note that despite the removal of certain liquidity pools, investors will still be able to trade other pairs on Binance Liquid Swap. The platform makes it clear that this decision will not affect the trading of the corresponding pairs on Binance Spot, providing flexible options for investors.
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Investors should note that prior to the scheduled phase-out on September 1, 2023, they will not be able to add liquidity to the affected funds. This restriction will take effect at 06:00 (UTC) on August 28, allowing enough leeway to make the necessary adjustments.
What FOMO can mean…
A clear example of FOMO can be that of PEPE or that of the vast majority of crypto memes.
The PEPE token experienced amazing adoption since its launch in April 2023. It was among the top crypto assets listed on leading exchanges like Binance. It posted astronomical gains, rising by more than 2,200% in less than three weeks, according to data from TradingView.
However, after this astonishing rise, the PEPE price underwent a correction, losing more than 80% of accumulated gains. Despite this drop, PEPE has become an example of the characteristic volatility of cryptocurrencies, capturing the attention of both investors and curious observers.