A subsidiary of Binance, the world’s largest cryptocurrency exchange Binance.USannounced that it will delist some trading pairs, including SHIB. Here are the details.
Binance.US, the subsidiary of Binance, the world’s largest cryptocurrency exchange in terms of daily trading volume, made a new announcement. In the said announcement, certain altcoin hedges will be “delisted”, including the Shiba Inu (SHIB); that is, it will be reportedly removed from the exchange.
Citing low trading activity, the exchange will remove some Binance USD (BUSD) trading pairs, including those from SHIB.
“Based on recent trading activity, Binance.US will remove and stop trading the following advanced trading pairs on March 29, 2023 at 8:00 PM PDT / 11:00 PM EDT,” the exchange wrote in its official blog post. used the phrases. The trading pairs to be delisted are as follows:
“ADA/BUSD, ALGO/BUSD, BUSD/USD, BUSD/USDT, EOS/BUSD, LPT/BUSD, MANA/BUSD, MATIC/BUSD, NEAR/BUSD, OMG/BUSD, SHIB/BUSD, SOL/BUSD, TRX /BUSD, USDC/BUSD, XTZ/BUSD, ZIL/BUSD”
Last month’s Paxos-BUSD issuance could be the reason for the low trading activity that led to the move to delist BUSD trading pairs. Paxos stopped printing BUSD as of February 21, as per the instructions of the New York Department of Financial Services (NYDFS).
This development coincided with the receipt of a Well’s Notice from the United States Securities and Exchange Commission (SEC) claiming that BUSD is an unregistered security.
Paxos reported in a press release that the BUSD stablecoin will continue to be fully supported until at least February 2024.
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