Binance, the leading cryptocurrency exchange, announces plans to delist a trading pair associated with the dog-themed token Shiba Inu (SHIB).
According to a blog post today, Binance will delist the SHIB/TUSD trading pair starting June 28 at 03:00 (UTC).
The decision is in line with the exchange’s periodic reviews of all listed spot trading pairs to ensure user protection. Following these reviews, the exchange usually removes trading pairs with low liquidity and volume. Accordingly, it has decided to delist the SHIB/TUSD pair due to its low volume or liquidity.
Binance data shows that the SHIB/TUSD pair has a 24-hour minimum trading volume of $17,577, which is equivalent to over 992 million SHIB tokens.
SHIBTUSD on Binance
Binance said it plans to end spot trading bot services for SHIB/TUSD on June 28. Therefore, users are advised to upgrade or cancel their SHIB/TUSD trading bot to avoid incurring potential losses.
It’s worth mentioning that this isn’t the first time Binance has removed a Shiba Inu trading pair. Last year, the major exchange removed the SHIB/BUSD margin pair as part of plans to stop supporting the BUSD stablecoin.
Binance still supports other SHIB spot pairs
Despite the impending 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 above-mentioned pairs.
In addition to SHIB/TUSD, Binance also revealed plans to delist other cryptocurrency spot trading pairs on June 28 at 03:00 (UTC). 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 the time of writing, SHIB was trading at $0.00001750, up 0.63% in the 24-hour period. The token, which has been plagued by the recent market downturn, currently boasts a trading volume of $355.51 million.
