A subsidiary of the crypto trading juggernaut Binance, Binance.US, has stated that on February 24 at 7:00 a.m. EST, it will delist Kilo Shiba Inu (KSHIB) and list Shiba Inu (SHIB) against the U.S. Dollar (USD).
On February 20 at 10:00 p.m. EST, the KSHIB/USD trading pair will be discontinued, and any open KSHIB spot trade orders will be cancelled. By February 24, customers who now own KSHIB will start receiving converted SHIB payouts at a ratio of 1 KSHIB for every 1,000 SHIB. Throughout this change, there will still be access to the SHIB/USDT trading pair. In addition to listing KSHIB, Binance.US has also launched the KSHIB/USD trading pair, joining the already-existing SHIB/USDT and SHIB/BUSD pairs.
Shiba Inu (SHIB) has a metric prefix called kilo that stands for 1,000 SHIB tokens. Once users have converted their SHIB to KSHIB, they can more easily trade SHIB for USD using the KSHIB/USD trading pair by reducing a few decimal places from SHIB. Customers can freely and without paying any fees convert their KSHIB tokens into SHIB or vice versa.
Customers have to first convert their SHIB to KSHIB before exchanging it for USD. Customers who wish to withdraw money must first convert their KSHIB to SHIB because deposits and withdrawals are only supported for SHIB. Customers must do the same thing before changing their SHIB to KSHIB: deposit SHIB to their Binance.US wallet.
Shiba Inu Keeps Reaching For The Stars
Investors are eagerly awaiting the Public Beta Testnet release as the Shibarium layer-2 network is about to be launched by the Shiba Inu ecosystem. Bone will power Shibarium, and the token is crucial to the management of the L2 blockchain. The developers affirmed that SHIB tokens would be burned for each transaction made on Shibarium. Shibarium therefore has a lot to offer both Bone and SHIB. Shiba Inu, according to Bone’s official Twitter account, might hit $1 with a number of optimistic indicators. We’ll go into great length in this post about the assortment of variables that, in Bone’s estimation, could affect SHIB’s pricing.
Furthermore, customers should benefit from an improved trading experience as a result of Binance.US’s decision to delist KSHIB and replace it with SHIB/USD.
According to CoinMarketCap, Shiba Inu (SHIB) is presently the 16th largest cryptocurrency by market capitalization.