Shiba Inu Team Clarifies Binance’s Delisting of SHIB Margin Pairs

Shiba Inu Team Clarifies Binance's Delisting of SHIB Margin Pairs

Shiba Inu’s marketing specialist, Lucie, has responded to recent reports concerning Binance’s decision to delist a trading pair involving SHIB later this month.

Binance Plans to Delist SHIB Margin Pairs

On the heels of an announcement by the world’s largest cryptocurrency exchange regarding 24-hour trading volume, Binance revealed its intention to delist 23 cross-margin and isolated-margin trading pairs, including SHIB/BUSD and ADA/BUSD. Binance specified that these trading pairs would be removed from its platform on November 9, 2023, at 06:00 (UTC).

Related article: Shiba Inu: Mysterious Whale Acquires $35 Million Worth of SHIB Tokens in Massive Bitvavo Transfer

In an apparent bid to generate clickbait headlines, numerous media outlets ran stories with titles like “Binance Delists SHIB.”

Lucie Dispels Negative Report on SHIB

Responding to this development, Lucie characterized the headlines as misleading and clarified that the delisting of margin trading pairs on Binance wasn’t exclusive to SHIB. She provided a comprehensive list of cryptocurrencies Binance would be delisting from its cross-margin and isolated-margin pairs against BUSD. This list encompasses crypto assets such as DOGE, PEPE, LUNA, LINK, MATIC, APE, AVAX, BAKE, OP, RUNE, YGG, XLM, USTC, GALA, FIL, DOT, TRB, LTC, BCH, and DOT.

Binance Gradually Phasing Out BUSD-Related Pairs

Notably, the cryptocurrencies slated for delisting are all paired with Binance’s stablecoin BUSD. Binance has been progressively removing various BUSD-related trading pairs from its platform recently.

In an August statement, Binance disclosed that the issuer of BUSD, Paxos, had ceased minting new stablecoins. Consequently, the exchange announced its plans to “gradually remove support for the stablecoin” on its platform.

Since this announcement, Binance has actively delisted various BUSD-related pairs from its platform. As reported last month, the leading exchange declared the removal of 17 cryptocurrencies, including SHIB, from the Binance Liquid Swap.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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