Lucie, the head of marketing for the Shiba Inu ecosystem, has stepped forward to address prevalent misunderstandings surrounding Binance’s recent move to eliminate a SHIB trading pair.
In a recent development, Binance made an announcement yesterday to the effect that it intends to delist seven spot crypto trading pairs, among them SHIB/TUSD, on June 28 at 03:00 AM (UTC). The exchange justified its decision by citing a recent review that revealed low liquidity and trading volume for the affected trading pairs, prompting the move to safeguard users.
Contrary to certain reports in the crypto media, which suggested that Binance was completely removing Shiba Inu from its platform, Lucie clarified the situation. She dismissed these reports as ‘click-bait’ and emphasized that Binance is solely removing the SHIB/TUSD trading pair, not Shiba Inu as a whole. Lucie urged members of the Shiba Inu community to verify information from dependable sources before drawing conclusions.
Additionally, Binance confirmed in subsequent statements that the removal of the SHIB/TUSD trading pair does not impact the availability of the token on the exchange. Users can still trade the quote and base assets of the delisted pairs through other supported pairs. Following the impending removal of SHIB/TUSD at 03:00 (UTC) tomorrow, Binance will retain eight Shiba Inu spot trading pairs: SHIB/USDT, SHIB/FDUSD, SHIB/USDC, SHIB/EUR, SHIB/TRY, SHIB/DOGE, SHIB/BRL, and SHIB/JPY.
Lucie has previously debunked rumors of Shiba Inu’s delisting from Binance, notably after the removal of SHIB/BUSD and 22 other cross-margin pairs by the exchange, which sparked false claims of Shiba Inu being delisted. In light of the recent downturn in the broader crypto market, Shiba Inu’s price continues to plummet, experiencing a daily loss of 3.96% and trading at $0.00001691 per unit.
Disclaimer: This content serves to inform and should not be construed as financial advice. The opinions expressed here might reflect the author’s personal views and don’t necessarily align with those of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions, as The Crypto Basic holds no liability for any financial losses incurred.
