Key Changes to Binance Liquid Swap
Binance, the world's largest cryptocurrency exchange, has announced significant updates to its Liquid Swap platform. Effective October 17, the exchange will remove 12 liquidity pools, including XRP/BUSD, to optimize trading conditions. This strategic move aims to:
- Enhance overall liquidity
- Reduce price slippage
- Improve trading prices for users
Affected Trading Pairs
| Removed Pairs | Type |
|---|---|
| XRP/BUSD | Stablecoin |
| MANA/BUSD | Stablecoin |
| OP/BUSD | Stablecoin |
| FTM/BUSD | Stablecoin |
| GMT/BNB | Crypto pair |
| GMT/ETH | Crypto pair |
| HFT/USDT | Stablecoin |
| ... | ... |
👉 See full list of removed pairs
What This Means for XRP Holders
- Automatic Transfers: All deposited assets will automatically move to users' Spot wallets by October 17
- No Spot Trading Impact: Regular XRP trading continues unaffected on Binance Spot
- Market Reaction: XRP recently dipped to $0.48 (-13% from last week's peak) amid these changes
Binance's Recent BUSD Phase-Out
This follows Binance's earlier removal of 19 BUSD trading pairs in October, aligning with their plan to discontinue BUSD support by early next year. The exchange maintains:
"We periodically review listed liquidity pools to concentrate liquidity and maintain high-quality markets."
FAQ: Your Questions Answered
Q: Will my XRP holdings disappear?
A: No. Funds automatically transfer to your Spot wallet.
Q: Can I still trade XRP on Binance?
A: Yes—this only affects Liquid Swap pools, not Spot markets.
Q: Why remove BUSD pairs?
A: Part of Binance's gradual BUSD phase-out plan announced earlier.
Q: Should I be worried about XRP's price?
A: Short-term volatility is normal during exchange adjustments. Many analysts remain bullish on XRP's long-term prospects following Ripple's recent SEC victories.
Key Takeaways
- Binance continues optimizing its trading ecosystem
- XRP fundamentals remain strong despite temporary price dips
- Users retain full access to assets through Spot wallets
- The crypto market evolves rapidly—stay informed about exchange updates
Note: All removed pairs involved low-liquidity or BUSD-based trading options.
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