Shiba Inu marketing specialist Lucie has debunked recent reports regarding Binance’s decision to delist a SHIB trading pair later this month.
Lucie, the marketing specialist of canine-themed token Shiba Inu, has reacted to a recent report regarding the delisting of a SHIB trading pair on Binance.
Binance to Delist SHIB Margin Pairs
Yesterday, the world’s largest crypto exchange by 24-hour trading volume announced plans to delist 23 cross-margin and isolated-margin trading pairs, including SHIB/BUSD and ADA/BUSD. Binance said the trading pairs will be delisted on November 9, 2023, at 06:00 (UTC).
In what appeared to be a stunt to attract clicks, several media outlets published the news using the headline “Binance Delists SHIB.”
Lucie Debunks Negative SHIB Report
Reacting to the development, Lucie characterized the headline as misleading. She pointed out that the upcoming removal of margin trading pairs on Binance did not affect only SHIB.
She provided a complete list of crypto assets Binance will be delisting from its cross-margin and isolated-margin pairs against BUSD. The list includes crypto assets like DOGE, PEPE, LUNA, LINK, MATIC, APE, AVAX, BAKE, OP, RUNE, YGG, XLM, USTC, GALA, FIL, DOT, TRB, LTC, BCH, and DOT.
Binance Exchange recently made an announcement regarding the delisting of margin trading pairs.
The headline: Binance delisting $SHIB ( ??♀️ MISLEADING)
The BUSD pairs actually delisted
include ADA/BUSD, AGIX/BUSD, APE/BUSD, AVAX/BUSD, BAKE/BUSD, BCH/BUSD, DOGE/BUSD,…
— ????? | ✨Shibarium✨ (@LucieSHIB) November 2, 2023
The recent report about Binance delisting a Shiba Inu trading pair caused panic among community members. As a result of the “misleading” headline, some Shiba Inu enthusiasts initially believed the decision only affected Shiba Inu. However, the complete report painted a different picture.
Binance Gradually Removing BUSD-Related Pairs
Notably, the crypto assets that are about to be delisted are pairs of the exchange’s stablecoin BUSD. Binance has been delisting various BUSD-related trading pairs on its platform in recent times.
In an August statement, Binance announced that BUSD issuer Paxos had halted the minting of new stablecoins. Consequently, the exchange stated it would “gradually remove support for the stablecoin” on its platform.
Since the announcement, Binance has aggressively delisted various BUSD-related pairs on its platform. As reported last month, the leading exchange announced the delisting of 17 crypto assets, including SHIB, from the Binance Liquid Swap.
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