{"id":549146,"date":"2023-08-28T19:00:36","date_gmt":"2023-08-28T19:00:36","guid":{"rendered":"https:\/\/wncen.com\/?p=549146"},"modified":"2024-06-11T08:15:55","modified_gmt":"2024-06-11T08:15:55","slug":"binance-39-mining-pools","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/binance-coin\/binance-39-mining-pools\/","title":{"rendered":"Binance Will Halt These 39 Liquidity Mining Pools This Week"},"content":{"rendered":"<p><span style=\"font-weight: 400\">On Sunday, Binance <\/span><a href=\"https:\/\/www.binance.com\/en\/support\/announcement\/notice-regarding-the-removal-of-selected-liquidity-pools-on-binance-liquid-swap-2023-09-01-8b8e3721bc804c618c563e40cbe1ee2e\" rel=\"nofollow\"><span style=\"font-weight: 400\">announced<\/span><\/a><span style=\"font-weight: 400\"> that it will halt 39 liquidity mining pools this week following the latest assessment. As a result of a supposed failure to pass this assessment, these 39 liquidity pools are expected to stop operating on September 1, 2023<\/span><span style=\"font-weight: 400\">.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Liquidity Pools Stopped By Binance<\/span><\/h2>\n<p><span style=\"font-weight: 400\">This decision was made due to the platform&#8217;s recent liquidity mining performance. The announcement said Binance Liquid Swap will \u201cperiodically review listed liquidity pools to concentrate liquidity for our users and ensure optimized trading experience, price and slippage.\u201d<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/defi\/friend-tech-crashes-94\/\">Friend.tech Activity Crashes 94%, Is This The End?<\/a><\/div>\n<p><span style=\"font-weight: 400\">As a result of the most recent review, the 39 <\/span><a href=\"https:\/\/wncen.com\/breaking-news-ticker\/breaking-balancer-v2-pools-under-threat-lp-users-in-race-against-time-to-withdraw-funds\/\"><span style=\"font-weight: 400\">liquidity pools<\/span><\/a><span style=\"font-weight: 400\"> listed below are expected to cease operation on Friday:\u00a0<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400\">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.<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">For now, users will not be able to add liquidity to these liquidity pools from today. However, the liquidity of the liquidity pools listed above will still remain accessible to ensure that users are provided with a trading experience.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Users will also still be able to redeem and withdraw their assets from the respective pairs on Binance Spot before the closing date on September 1, 2023. User deposits in the liquidity pool will be calculated following the current composition of the respective pool and then it will be converted to the user&#8217;s Spot wallet automatically.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to the announcement, the removal of the liquidity pools listed above will not hinder other trading respective pairs on Binance Spot and users will still be able to trade on other liquidity pools that are currently available on <\/span><a href=\"https:\/\/www.binance.com\/en\/swap\/pool\" rel=\"nofollow\"><span style=\"font-weight: 400\">Binance Liquid Swap.<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400\">This marks the second time Binance has eliminated liquidity pools this month. On August 9, 2023, Binance also <\/span><a href=\"https:\/\/www.binance.com\/en\/support\/announcement\/notice-regarding-the-removal-of-selected-liquidity-pools-on-binance-liquid-swap-2023-08-18-8ae78c64b57a48e3b93018680b112e25\" rel=\"nofollow\"><span style=\"font-weight: 400\">announced<\/span><\/a><span style=\"font-weight: 400\"> that the exchange would stop about 38 liquidity pools on August 18, 2023.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/us3VaNPd\/\" alt=\"Binance Coin (BNB) price chart from Tradingview.com\" width=\"2884\" height=\"1746\"><\/p>\n<pre style=\"text-align: center\">BNB price remains above $215 support | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">BNBUSD on Tradingview.com\u00a0<\/a><\/pre>\n<h2><span style=\"font-weight: 400\">Multiple Charges Hinder Binance\u2019s Business<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Amid these developments, the Binance crypto exchange continues to deal with regulatory pressures that seem to be affecting its business. Firstly, Visa and Mastercard are <\/span><a href=\"https:\/\/wncen.com\/binance\/mastercard-axes-binance\/\"><span style=\"font-weight: 400\">slowly cutting their ties with Balance<\/span><\/a><span style=\"font-weight: 400\"> due to the multiple regulatory actions from the US Securities and Exchange Commission (SEC) against the exchange.<\/span><\/p>\n<p><span style=\"font-weight: 400\">One of the allegations brought against Binance is that the exchange has been operating under an unregistered business and misled investors about the company&#8217;s risk.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/shiba-inu\/shibarium-shiba-inu-bone\/\">Shibarium Launch Proves Positive As Shiba Inu-Based BONE Celebrates New Milestone<\/a><\/div>\n<p><span style=\"font-weight: 400\">Also, the US Commodity Futures Trading Commission (CFTC) in May <\/span><a href=\"https:\/\/bitcoinist.com\/binance-cftc-complaint-plans-to-seek-for-dismissal\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">brought multiple charges against the exchange<\/span><\/a><span style=\"font-weight: 400\"> for what it calls a &#8220;willful evasion&#8221; of US law.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Among the hurdles the exchange is also facing include allegations that the US Department of Justice is <\/span><a href=\"https:\/\/bitcoinist.com\/doj-casts-shadow-binance-sparks-fears-of-bank-run\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">looking into the exchange<\/span><\/a><span style=\"font-weight: 400\"> and is considering charging Binance for fraudulent activities.<\/span><\/p>\n<p><span style=\"font-weight: 400\">On August 23, 2023, Binance <\/span><a href=\"https:\/\/wncen.com\/binance\/mastercard-axes-binance\/\"><span style=\"font-weight: 400\">announced<\/span><\/a><span style=\"font-weight: 400\"> on X (formerly Twitter),\u00a0 that the exchange&#8217;s card known as the Binance Card will no longer be available to users in Latin America and the Middle East.<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Featured image from The Information, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>On Sunday, Binance announced that it will halt 39 liquidity mining pools this week following the latest assessment. As a result of a supposed failure to pass this assessment, these 39 liquidity pools are expected to stop operating on September 1, 2023. Liquidity Pools Stopped By Binance This decision was made due to the platform&#8217;s recent liquidity mining performance. The announcement said Binance Liquid Swap will \u201cperiodically review listed liquidity pools to concentrate liquidity for our users and ensure optimized trading experience, price and slippage.\u201d Related Reading: Friend.tech Activity Crashes 94%, Is This The End? As a result of the most recent review, the 39 liquidity pools listed below are expected to cease operation on Friday:\u00a0 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. For now, users will not be able to add liquidity to these liquidity pools from today. However, the liquidity of the liquidity pools listed above will still remain accessible to ensure that users are provided with a trading experience.\u00a0 Users will also still be able to redeem and withdraw their assets from the respective pairs on Binance Spot before the closing date on September 1, 2023. User deposits in the liquidity pool will be calculated following the current composition of the respective pool and then it will be converted to the user&#8217;s Spot wallet automatically. According to the announcement, the removal of the liquidity pools listed above will not hinder other trading respective pairs on Binance Spot and users will still be able to trade on other liquidity pools that are currently available on Binance Liquid Swap. This marks the second time Binance has eliminated liquidity pools this month. On August 9, 2023, Binance also announced that the exchange would stop about 38 liquidity pools on August 18, 2023. BNB price remains above $215 support | Source: BNBUSD on Tradingview.com\u00a0 Multiple Charges Hinder Binance\u2019s Business Amid these developments, the Binance crypto exchange continues to deal with regulatory pressures that seem to be affecting its business. Firstly, Visa and Mastercard are slowly cutting their ties with Balance due to the multiple regulatory actions from the US Securities and Exchange Commission (SEC) against the exchange. One of the allegations brought against Binance is that the exchange has been operating under an unregistered business and misled investors about the company&#8217;s risk. Related Reading: Shibarium Launch Proves Positive As Shiba Inu-Based BONE Celebrates New Milestone Also, the US Commodity Futures Trading Commission (CFTC) in May brought multiple charges against the exchange for what it calls a &#8220;willful evasion&#8221; of US law. Among the hurdles the exchange is also facing include allegations that the US Department of Justice is looking into the exchange and is considering charging Binance for fraudulent activities. On August 23, 2023, Binance announced on X (formerly Twitter),\u00a0 that the exchange&#8217;s card known as the Binance Card will no longer be available to users in Latin America and the Middle East. Featured image from The Information, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":549148,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83379],"tags":[10768,84195,13446,83605,6664,12307,15503,89243],"class_list":["post-549146","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-binance-coin","tag-binance","tag-binance-crypto-exchange","tag-binance-exchange","tag-binance-news","tag-crypto","tag-crypto-exchange","tag-exchange-news","tag-liquidity-pools"],"acf":[],"yoast_head":"\n<title>Binance Will Halt These 39 Liquidity Mining Pools This Week<\/title>\n<meta name=\"description\" content=\"On Sunday, Binance announced that it will halt 39 liquidity mining pools this week following the latest assessment.\" \/>\n<meta name=\"robots\" content=\"index, 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