Binance, the leading cryptocurrency exchange, has announced plans to delist the trading pair associated with the dog-themed Shiba Inu (SHIB) token. On June 28 at 03:00 AM (UTC), Binance will remove the SHIB/TUSD trading pair. This decision aligns with the exchange’s regular reviews of all listed spot trading pairs to ensure user protection. Following these reviews, the exchange typically delists pairs with low liquidity and volume. Consequently, the SHIB/TUSD pair will be removed due to its low volume and liquidity.
Data from Binance shows that the SHIB/TUSD pair has a minimal 24-hour trading volume of $17,577, equivalent to over 992 million SHIB tokens. Binance also plans to terminate SHIB/TUSD spot trading bot services on June 28. Users are advised to update or cancel their SHIB/TUSD trading bots to avoid potential losses.
This is not the first time Binance has delisted 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.
IBinance Continues to Support Other SHIB Spot Pairs
Despite the upcoming removal of SHIB/TUSD, Binance will continue to support eight other Shiba Inu trading pairs, including SHIB/USDT, SHIB/FDUSD, SHIB/USDC, SHIB/EUR, SHIB/TRY, SHIB/BRL, SHIB/DOGE, and SHIB/JPY. This means Binance users can still trade SHIB using these pairs.
In addition to SHIB/TUSD, Binance has also announced plans to delist other cryptocurrency 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.
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Meanwhile, the decision has not negatively impacted SHIB’s price movement. At the time of writing, SHIB is trading at $0.00001750, marking a 0.63% increase over the past 24 hours. The token’s trading volume currently stands at $355.51 million, despite the recent market downturn.
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