The move comes ten days after the American exchange disclosed plans to delist the KSHIB/USD pair.
BinanceUS, the American partner of leading crypto exchange Binance, has launched a new Shiba Inu (SHIB) trading pair against the US Dollar (USD) ten days after it announced intentions to list the pair.
The development gives American investors the opportunity to trade SHIB against their fiat dollars deposited on the exchange.
Trading is now available for $SHIB / $USD on #BinanceUS!
@Shibtoken's are the medium of exchange within the #Shiba Inu ecosystem, which includes ShibaSwap, a #DeFi platform, that features liquidity pools, token swaps, #NFT’s, voting rights within the DAO, and more.
— Binance.US 🇺🇸 (@BinanceUS) February 24, 2023
The move comes shortly after Binance US revealed plans to replace the KSHIB/USD pair with the recently-introduced SHIB/USD trading pair. The KSHIB token, or Kilo Shiba, is equivalent to 1,000 original SHIB tokens.
Binance US had earlier noted that the KSHIB tokens held by customers would be automatically converted to Shiba Inu at a proportion of 1 KSHIB to 1,000 SHIB by Feb 24. Furthermore, the exchange disclosed that pending spot orders on KSHIB would be closed on Feb. 20 at 22:00 (EST).
Recall that Binance US hosted one of its numerous SHIB trivia sessions four days ago, which tested the community’s understanding of the Shiba Inu project. Last March, the exchange added support for SHIB deposits and withdrawals on the BEP20 network. A month later, Binance US conducted a Twitter AMA to address the SHIB community’s concerns and requests.
Recently Bithumb added Shiba inu trading pair against the Korean won, While Gate.io listed Shiba Inu’s BONE.