Binance.US will launch SHIB USD transaction pair
It is reported that Binance.US announced that it would delist Kilo Shiba Inu (KSHIB) at 7:00 a.m. EST on February 24, and will list SHIB/USD trading pairs. KSHIB/USD trading pair will be deleted, and all pending KSHIB spot trading orders will be cancelled at 10:00 p.m. EST on February 20. Customers currently holding KSHIB will receive the converted SHIB distribution before February 24, with the ratio of 1 KSHIB to 1000 SHIB. During this transition period, the SHIB/USDT transaction pair will remain available. Binance.US also launched KSHIB and added KSHIB/USD transaction pairs, as well as existing SHIB/USDT and SHIB/USD transaction pairs.
Interpretation of this information:
The message reveals that Binance.US, a popular cryptocurrency exchange, will soon be delisting Kilo Shiba Inu (KSHIB) and adding SHIB/USD trading pairs. It notes that the KSHIB/USD trading pair will be removed, and that any pending KSHIB spot trading orders will be cancelled. Customers who currently hold KSHIB will receive a converted SHIB distribution at a ratio of 1 KSHIB to 1000 SHIB before February 24. It also states that during the transition period, the SHIB/USDT transaction pair will remain available.
This announcement is significant for cryptocurrency traders, as it reflects a shift in focus towards SHIB/USD and away from KSHIB. While KSHIB was previously an option for trading on the exchange, it seems that Binance.US has decided to remove it due to low demand or other reasons. Adding SHIB/USD trading pairs will likely attract more traders who are interested in investing in SHIB and other cryptocurrencies.
The decision to delist KSHIB is likely a business decision made by Binance.US, as with any service or product that does not garner enough demand or interest. However, the exchange is still catering to the interests of its customers by offering the popular SHIB/USD trading pairs. This move also reflects how quickly markets can shift based on demand and interest, particularly in the volatile world of cryptocurrencies.
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