In recent developments that have captured the attention of the crypto community, Binance has announced that it will delist several spot trading pairs from its exchange, including SHIB/TUSD, on June 28, citing low liquidity and trading volume as the reasons for this decision. This announcement has stirred conversations and led to some misconceptions regarding the status of Shiba Inu (SHIB) on one of the world’s largest cryptocurrency exchanges.
Lucie, the marketing lead for the Shiba Inu ecosystem, has stepped up to clarify the situation. According to Lucie, Binance’s delisting does not pertain to the Shiba Inu cryptocurrency as a whole, but is rather limited to the removal of the SHIB/TUSD trading pair. Lucie emphasizes that this move by Binance should not be misconstrued as an overarching delisting of SHIB from the platform. Instead, she reassures users that they can continue trading SHIB and TUSD through other supported trading pairs on the exchange.
Despite the removal of SHIB/TUSD, Binance continues to support a range of Shiba Inu trading pairs. In fact, after the delisting takes place, there will still be eight Shiba Inu spot trading pairs available on Binance, including popular combinations like SHIB/USDT, SHIB/USD, SHIB/USDC, among others. This maintenance of multiple trading pairs signifies the continued presence and availability of Shiba Inu on the Binance exchange, which should provide some relief to holders and traders of the token.
This is not the first time that Lucie has had to debunk rumors regarding Binance’s relationship with Shiba Inu. In the past, similar confusion arose when other trading pairs involving SHIB were removed from the exchange, and each time Lucie has made it clear that these changes do not equate to a full delisting from Binance.
Amidst these updates and the broader context of the crypto market, Shiba Inu’s price has posted a daily loss of 3.96%, with the token currently priced at $0.00001691. Like many other cryptocurrencies, SHIB is feeling the effects of the wider market decline. Nevertheless, the core message for SHIB holders and the wider crypto audience remains that the availability of Shiba Inu on Binance, though adjusted, remains substantial and active.
Finally, it is important to note that while this article contains factual updates regarding the status of Shiba Inu and its trading pairs on Binance, it is intended for informational purposes only. Crypto market participants should not interpret this content as financial advice, and as always, are encouraged to conduct their own research and due diligence when participating in cryptocurrency trading.
