thecryptobasic.com
Leading crypto exchange Binance announces plans to delist a trading pair associated with dog-themed token Shiba Inu ($SHIB).
According to a blog post today, Binance will remove the $SHIB/$TUSD trading pair effective on June 28 at 03:00 AM (UTC).
The decision aligns with the exchange’s periodic reviews of all listed spot trading pairs to guarantee users’ protection. Following these reviews, the exchange usually delists trading pairs with low liquidity and volume. Consequently, it has decided to delist the $SHIB/$TUSD pair due to its low volume or liquidity.
Data from Binance shows that the $SHIB/$TUSD pair has a minimal 24-hour trading volume of $17,577, which equates to over 992 million $SHIB tokens.
Binance noted that it plans to terminate spot trading bot services for $SHIB/$TUSD on June 28. Hence, users are advised to update or cancel their trading bot for $SHIB/$TUSD to avoid incurring potential losses.
It bears mentioning that this is not the first time Binance has removed a Shiba Inu trading pair. Last year, the top exchange removed the $SHIB/$BUSD margin pair, as part of plans to discontinue support for the $BUSD stablecoin.
Binance Still Supporting Other $SHIB Spot Pairs
Despite the upcoming removal of $SHIB/$TUSD, Binance will continue to support eight other Shiba Inu trading pairs, such as $SHIB/USDT, $SHIB/$FDUSD, $SHIB/USDC, $SHIB/EUR, $SHIB/TRY, $SHIB/BRL, $SHIB/DOGE, and $SHIB/JPY. This suggests that Binance users can still trade $SHIB on the aforementioned pairs.
Besides $SHIB/$TUSD, Binance also revealed plans to delist other crypto spot trading pairs on June 28 at 03:00 AM (UTC). The affected pairs include BLUR/$FDUSD, MEME/ETH, LINK/$TUSD, OSMO/BTC, NFP/BNB, and METIS/$FDUSD.
Meanwhile, the decision did not have a negative impact on $SHIB’s price action. At press time, $SHIB was changing hands at $0.00001750, with a 24-hour increase of 0.63%. The token, which was plagued by the recent market downturn, currently boasts a trading volume of $355.51 million.