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.
Advertisement
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.
Read Also:
Advertisement
- Coinbase Seeks Clear Guidelines in the Crypto Industry, Files Mandamus Petition
- Top 4 Crypto Assets to Invest in Right Now
- Binance to Remove Trading Pairs SHIB/AUD
- Shiba Inu Burn: Over 1.2 Billion SHIB Burned in one Transaction
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.
Special Offer (SPONSORED)
Binance Free $200 (Exclusive): Use this link to register and receive $200 free trading fee credit (terms).
"3Commas Trading Bot" Special Offer: Use this link to Sign up with 3Commas and get 10% off your first monthly subscription.
Victor Swaezy
Victor Nnamdi Igbor "Swaezy" is a crypto enthusiast and writer with over 8 experience in blogging. He is an easy person and when not working, loves to have a good time.