Wednesday, June 19, 2024
HomeCryptocurrencyBinance to Stop Trading for this Shiba Inu Pair. Here's What Users...

Binance to Stop Trading for this Shiba Inu Pair. Here’s What Users Must Do ASAP

Binance, the world’s largest crypto exchange by trading volume, has disclosed its intention to suspend trading operations for a Shiba Inu trading pair. The crypto platform confirmed this via a recently released press statement.

According to the press briefing, the Shiba Inu trading pair with the Australian Dollar (SHIB/AUD) will get terminated as part of Binance’s regular assessment routine. The exchange noted that its latest decision Will be operational starting from Friday.

In addition, Binance disclosed that trading Bots services for different spot trading pairs will be terminated at various designated hours. The crypto blockchain platform particularly mentioned that it would suspend the SHIB/AUD Trading Bots service on May 26 at 5:00 (UTC).

What Does Binance Expect Of Its Users

While Binance confirmed that it is not going back on its decision to terminate the SHIB/AUD trading pair, Binance users are still eligible to trade Shiba Inu on other active trading pairs listed on the exchange. In a nutshell, SHIB token investors should modify their trading strategies to suit the new changes.

Furthermore, Binance users leveraging the trading bots for the suspended pair are encouraged to update or entirely cancel their bots before the termination of the trading pair services to avoid losing potential capital and profits.

Binance Plans For Shiba Inu (SHIB)

Binance acknowledges that its new changes may negatively affect Shiba Inu investors in Australia. However, the platform maintained that its latest move is in the right direction, which seeks to improve liquidity, diversify trading options, and create a frictionless user experience. Binance also noted that it is actively working to expand its support for the Shiba Inu platform.

Previously, the American branch of Binance unveiled a new functionality within its Crypto Box that enables SHIB enthusiasts to gift SHIB tokens at zero costs. Also, apart from adding SHIB to its auto-invest service, an auto-buy feature that allows SHIB traders to build their Shiba Inu portfolio seamlessly was launched recently.


Follow us on Twitter, Facebook, Telegram, and Google News

Chinedu Agbakwusi
Chinedu Agbakwusi
Chinedu Agbakwusi is a medical student at the prestigious Nnamdi Azikiwe University with sound knowledge of the crypto space. I am here to be a reliable plug for well-researched crypto content ranging from crypto news to market analyses and blockchain inventions.

Latest News & Articles