Two of the liquidity pools that will be eliminated from Binance Liquid Swap on October 27 are DOGE/BUSD and SHIB/BUSD.
TL:DR
By October 27, Binance plans to delist 17 liquidity pools from its Liquid Swap, which includes pairs like DOGE/BUSD and SHIB/BUSD. Binance Spot won’t be impacted.
Dogecoin and Shiba Inu values are still high despite delistings, which is indicative of the general upward trend in the cryptocurrency market.
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BitMEX delisted pairings as well, such as FLOKI/USD, although the value of Floki Inu has lately experienced a notable increase.
Binance Eliminates These Pairs
The biggest cryptocurrency exchange in the world, Binance, declared that it will delist 17 liquidity pools from Binance Liquid Swap in an effort to “improve transaction prices and minimise slippage.” The changes, which include a few well-known digital assets, will take effect on October 27.
ADA/BUSD, BNB/BUSD, BTC/BUSD, BUSD/DAI, BUSD/USDT, DOGE/BUSD, ETH/BUSD, FIL/BUSD, GMT/BUSD, HOOK/BUSD, LINK/BUSD, LTC/BUSD, MATIC/BUSD, POND/BUSD, SHIB/BUSD, SOL/BUSD, and UNI/BUSD are the specific trading pairs that are impacted.
Binance promised that users holding positions in the aforementioned liquidity pools will automatically get their deposited assets in their Spot wallets. It also made it clear that the trading of the aforementioned pairs on Binance Spot will not be impacted by the firing frenzy.
The price performances of Dogecoin (DOGE) and Shiba Inu (SHIB), the two largest memecoins by market capitalization, have not decreased despite being included in the modifications. According to CoinGecko’s data, the latter has surged by 4% during the last 24 hours, while the former has increased by 3%.
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It is important to note that the general resurgence of the cryptocurrency market may have contributed to the increase in asset prices. For the first time since August, Bitcoin (BTC) just crossed $30K, XRP shot up to about $0.53 after Ripple’s most recent triumph against the US SEC, and Solana (SOL) surged by 12%.
BitMEX’s Efforts Affected This SHIB Rival
Another memecoin that has been delisted recently is Floki Inu, which was deleted from BitMEX when the FLOKI/USD and FLOKI/USDT perpetual swap contracts were removed. 1TAIDOGE/USD, 1TAIDOGE/USDT, BOB/USD, GMX/USD, GMX/USDT, ORDI/USD, RNDR/USD, and TURBO/USD were the other trading pairs involved in the shift.
FLOKI has also done really well in the last several weeks. It has increased by about 18% during the past 30 days and by almost 130% since the year’s start.
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