Binance has announced that it will no longer offer about 39 liquidity pools to users. The crypto exchange noted that the decision was based on its latest periodic review of listed liquidity pools aimed at optimizing trading experiences. Notable liquidity pools will be phased out, including ADA/BNB, DOT/BUSD, MATIC/BNB, SUSHI/BNB, XVS/BTC, XVS/USDT, ZEN/USDT, and XMR/USDT.
Effective from September 1, 2023, these affected liquidity pools will no longer be accessible. Users are advised to either redeem their assets from these pools prior to the given date or await automatic transfers to their Spot wallets.
Furthermore, starting August 28, 2023, users will no longer be able to contribute liquidity to these pools. However, Binance has assured users that the corresponding trading pairs on Binance Spot will remain unaffected. The exchange will also continue to provide alternatives for those interested in liquidity pool options.
Binance and Mastercard End their Crypto Card Partnership
Binance has ended its card payment services partnership with Mastercard in certain regions. As a result, Binance Card services will no longer be available in Latin America, the Middle East, and North Africa regions. Starting from September 22, 2023, transactions made with Mastercard-issued cards in these regions will not be processed.
Binance clarified that this decision was solely made by its partner, Mastercard. The exchange expressed its intention to reintroduce the product to users in the affected regions in the future. It encouraged users to use its other services to conduct transactions.
Hello Mansoor,
Kindly note that our partner made this decision. We will not comment on its behalf. We hope to be able to offer Binance Card again in the future.
We have a blog article about recent updates to our card services here – https://t.co/xHn1q0DLCA – Please feel free to…
— Binance Customer Support (@BinanceHelpDesk) August 25, 2023
A Mastercard spokesperson told Reuters that the decision to end crypto-card programmes with Binance would not impact the status of its other existing crypto-card initiatives.
Meanwhile, the exchange recently launched its instant payment service, Binance Pay, in Brazil. The service supports over 70 cryptocurrencies, including popular options like Bitcoin, Ether, Binance Coin, and Tether’s USDT. The exchange noted that the launch is aimed at enabling local merchants to offer a new payment alternative to their customers.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
