Binance.US Delists Kilo Shiba Inu (KSHIB) and Adds SHIB/USD Trading Pairs
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. KSH…
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.
Binance.US will launch SHIB USD transaction pair
Interpret the above information:
Binance.US, the US-based arm of the global cryptocurrency exchange Binance, recently announced that it will delist Kilo Shiba Inu (KSHIB) and add SHIB/USD trading pairs. According to the announcement, the delisting of KSHIB will take place on February 24 at 7:00 a.m. EST, while the SHIB/USD trading pairs will be added on the same day. The KSHIB/USD trading pair will be removed, and all pending KSHIB spot trading orders will be canceled on February 20 at 10:00 p.m. EST.
It should be noted that this delisting doesn’t mean that the KSHIB token is entirely useless. Instead, it means that Binance.US will no longer offer the KSHIB/USD trading pair, and customers who previously used that pair can still trade KSHIB using other trading pairs. Consequently, it is essential to use the SHIB/USD trading pair going forward.
As part of the process, customers who are currently holding KSHIB tokens will receive a converted SHIB distribution before February 24, following a ratio of 1 KSHIB to 1000 SHIB. In other words, for every KSHIB you have, you will receive 1000 SHIB in the new trading pair. Furthermore, SHIB/USDT transaction pair will remain available during the transition period until the delisting, and users can continue to use it to trade SHIB.
In addition to those changes, Binance.US recently launched KSHIB and added a KSHIB/USD transaction pair, alongside the existing SHIB/USDT and SHIB/USD pairs. These changes aim to provide a more comprehensive and robust trading experience for their users.
In summary, Binance.US’s decision to delist KSHIB and add SHIB/USD trading pairs is part of their efforts to improve their offerings and ensure that customers have a seamless trading experience. In conclusion, this decision aligns with their commitment to provide the best trading experience, making it convenient for cryptocurrency traders in the United States.
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