Lucie, the Shiba Inu ecosystem marketing lead, addresses widespread misconceptions about the recent decision from Binance to remove a SHIB trading pair.
For context, yesterday, Binance announced plans to delist seven spot crypto trading pairs, including SHIB/TUSD, on June 28 at 03:00 AM (UTC).
The exchange claimed its latest review shows that the affected trading pairs have low liquidity and trading volume. As a result, it decided to remove them to protect users.
Notably, some crypto media outlets reported the news as though Binance was delisting Shiba Inu from its platform.
Lucie Addresses Misconception
Reacting, Lucie characterized these reports as ‘click-bait,’ clarifying that Binance is not entirely delisting Shiba Inu. She emphasized that the decision indicates that the top exchange is only removing the SHIB/TUSD trading pair.
Furthermore, the marketing lead encouraged Shiba Inu community members to always verify information from reliable sources before forming conclusions.
IMPORTANT: #BINANCE IS NOT DELISTING $SHIB.
There were some clickbait articles; please always double-check with reliable sources.
The delisting is for the TRADING PAIR $SHIB/TUSD. pic.twitter.com/82sIrsqp8j
— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) June 27, 2024
Binance Still Offering 8 SHIB Spot Pairs
The notice aligns with further statements issued by Binance. According to Binance, the removal of the SHIB/TUSD trading pair does not affect the token’s availability on the exchange.
It added that users can continue trading the quote and base assets of the delisted pairs via other supported pairs.
With Binance declaring plans to remove SHIB/TUSD tomorrow at 03:00 (UTC), the exchange will be left with eight Shiba Inu spot trading pairs. They include SHIB/USDT, SHIB/FDUSD, SHIB/USDC, SHIB/EUR, SHIB/TRY, SHIB/DOGE, SHIB/BRL, and SHIB/JPY.
Meanwhile, this is not the first time that Lucie has debunked rumors of Shiba Inu’s delisting from Binance. Recall that shortly after Binance announced the removal of SHIB/BUSD and 22 other cross-margin pairs, some media platforms claimed that Binance was delisting Shiba Inu.
This malicious claim stirred reactions from Shiba Inu enthusiasts, including Lucie, who clarified that Binance is not delisting SHIB.
In the meantime, Shiba Inu’s price is still on massive decline due to the ongoing bloodbath across the broader crypto market. The dog-themed token has witnessed a daily loss of 3.96%, with a unit priced at $0.00001691.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
