Last updated on May 18th, 2024 at 11:58 am
In a recent development, Binance has announced its decision to remove the Shiba Inu SHIB/AUD trading pairs. It also plans to terminate the trading bot service associated with the pair.
The world’s largest crypto exchange by trade volume announced this in a recent press statement today. According to the report, Binance made it clear that it will remove and cease trading the Shiba Inu against the Australian Dollar. This is done as part of its regular assessment of trading pairs. In addition, the update will take effect on Friday, 26 May 2023.
However, Binance noted that Shiba Inu amongst other listed coins can still be traded with different trading pairs that are listed on the platform.
“Users can still trade the above assets on other trading pairs that are available on Binance,” the report says.
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Investors in SHIB are urged to pay attention to this move and modify their trading plans appropriately. Furthermore, the various trading pairs listed in the report will be terminated at different times.
SHIB/AUD trading pair specifically will be terminated at exactly 2023-05-26 05:00 (UTC). Furthermore, Binance advised users to update or cancel their trading bots in time to avoid any potential loss.
“Users are strongly advised to update and/or cancel their Trading Bots prior to the cessation of Trading Bots services to avoid any potential losses,” the report added
Binance strives to increase liquidity, improve trading choices, and give its consumers a smooth experience by routinely reviewing and changing its trading pairings. The exchange asserts that it is still committed to providing customers with a safe and effective trading environment while taking into account their various trading preferences.
Other trading pairs to be removed
Shiba Inu against the Australian Dollar (SHIB/AUD) is not the only trading pair to be removed by Binance. The report also listed extensively up to 20 other pairs. Some of the listed pairs include APE/AUD, DOT/AUD, APT/BRL, AMP/BTC, BEL/ETH, FIS/BRL, GAL/ETH, GMT/BRL, GMT/GBP, JASMY/BTC, KP3R/BNB. See the complete list here.
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Binance decision to remove the Shiba Inu trading pair against the Australian Dollar might affect investors in the country, however, it is part of its plan to continually deliver optimized offerings.
Shiba Inu (SHIB) price today
According to live data from CoinGecko, the price of SHIB today is $0.00000867. It is currently down 4.02% in the last 24 hours. Also, Shiba Inu is ranked #16 on the CoinGecko chart with a live market cap of $5,105,630,925.
Victor Swaezy
Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications such as Coinfomania and Crypto News Guru, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.