Claim BonusBinance Removing XRP, FTM And 10 Other Liquidity Pools
The world’s largest crypto exchange Binance on Tuesday said it is removing selected liquidity pools on Binance Liquid Swap. The crypto exchange is taking down some key liquidity pools including XRP, Fantom (FTM), Optimism (OP), and Decentraland (MANA).
Binance Liquid Swap allows users to provide liquidity in the pools to become liquidity providers and earn transaction fees and BNB rewards, while easily swapping crypto tokens.
Binance Removes XRP, FTM, MANA Liquidity Pools
Crypto exchange Binance in an official announcement on October 10 revealed the plan to discontinue certain liquidity pools on its Binance Liquid Swap. Binance will remove some key liquidity pools such as XRP/BUSD, FTM/BUSD, MANA/BUSD, and OP/BUSD. It is part of its strategy to completely end BUSD stablecoin support by February 2024.
Other liquidity pools in the list are BEL/USDT, FUN/USDT, GMT/BNB, GMT/ETH, HFT/USDT, IDEX/USDT, LEVER/USDT, and MAGIC/BTC.
Users will not be able to add liquidity into the above liquidity pools from October 13 at 04:00 UTC. Moreover, users holding positions in the above liquidity pools will automatically receive their deposited crypto assets in their spot wallets on October 17.
“Users can choose to redeem their assets from the above liquidity pools before 2023-10-17 04:00 (UTC). Thereafter, deposits in the liquidity pools will be calculated based on the prevailing composition ratios of the corresponding pool, and automatically redeemed to users’ Spot wallets,” as per the announcement.
Binance said it periodically reviews listed liquidity pools to concentrate liquidity, reduce slippage, and provide better transaction prices to its users. It also ensures an optimized trading experience on the crypto exchange.
Also Read:
- Crypto Market Selloff: Here’s Why Bitcoin, Ethereum, XRP, DOGE Falling Suddenly
- Bitcoin Gains Market Share Above 50% as Ethereum and Altcoins Disappoint
- Alameda Minted $40 Billion of Tether USDT in Shady Deals With FTX, Details
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Breaking: U.S. Jobless Claims Signal Labor Market Rebound as Fed Set to Hold Rates at January FOMC
- Lighter Exchange Review – Is it Safe to Use?
- Kraken Exchange Review 2026 : Fees, Features, Security & Pros and Cons
- Solana Airdrop: Seeker Team Confirms 1.8B SKR Token Drop for Users, Here’s What to Know
- Crypto Traders Bet on Bitcoin Price Hitting $100K Before Month-End as BTC Breaks $97k
- Solana Price Outlook Ahead of the Alpenglow Upgrade
- Bitcoin and XRP Price Prediction As US Senate Cancels Crypto Market Structure Bill Markup
- Dogecoin Price Poised to Hit $0.18 After Bullish Inverse Head and Shoulders Breakout
- Bitcoin Price Forecast: How the Supreme Court Tariff Decision Could Affect BTC Price
- Ethereum Price Prediction as Network Activity Hits ATH Ahead of CLARITY Markup
- Robinhood Stock Price Prediction: What’s Potential for HOOD in 2026??
