Binance. US Announces SHIB/USD Trading Pair and Conversion from KSHIB to SHIB.
On February 25, Binance. US announced the launch of the SHIB/USD trading pair on Twitter. In addition, the KSHIB/USD trading pair has been off the shelf, and a…
On February 25, Binance. US announced the launch of the SHIB/USD trading pair on Twitter. In addition, the KSHIB/USD trading pair has been off the shelf, and all outstanding KSHIB spot trading orders will be cancelled. All customers currently holding KSHIB will receive the converted SHIB distribution at the ratio of 1 KSHIB=1000 SHIB.
Binance.US announced the launch of SHIB USD trading pair
Interpretation of the news:
Binance. US, a leading cryptocurrency exchange, announced on Twitter the launch of the SHIB/USD trading pair on February 25. This move provides an opportunity for traders to buy and sell SHIB, the cryptocurrency that has gained popularity since its launch in August 2020. The SHIB/USD trading pair on Binance. US allows traders to exchange SHIB for US dollars and vice versa.
Additionally, Binance. US has taken the KSHIB/USD trading pair off the shelf. This means that trading in KSHIB has been suspended, and all outstanding KSHIB spot trading orders will be cancelled. This action is presumably in response to SHIB’s growing popularity, evidenced by its rising trade volume and price, while KSHIB has seen a decline in value.
Further, all customers who currently hold KSHIB will be given the converted SHIB distribution at a ratio of 1 KSHIB to 1000 SHIB. Thus, those holding KSHIB will receive more SHIB than the number of KSHIB they possessed. This conversion process will help maintain Binance. US’s trading standards and avoid any losses for its customers.
The SHIB/USD trading pair and the conversion from KSHIB to SHIB are significant developments in the cryptocurrency market. The launch of the SHIB/USD trading pair provides a new opportunity for traders to enter the cryptocurrency market and invest in SHIB. Meanwhile, the suspension of the KSHIB/USD trading pair and the conversion from KSHIB to SHIB indicate that Binance. US is keeping up with the ever-changing cryptocurrency market trends and is striving to offer its customers the best trading experience.
In conclusion, Binance. US’s announcement of the SHIB/USD trading pair and the conversion from KSHIB to SHIB has implications for both traders and the cryptocurrency market as a whole. These new opportunities will likely attract more traders to invest in the ever-growing cryptocurrency market.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/3259/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Ethereum futures contracts with open positions reaching a 22-month high
According to reports, according to Glassnode data, the open positions of Ethereum futures contracts have just reached a 22-month high of $709493182.
Ethereum futures contracts with -
Cryptocurrency Adoption Skyrockets in India: A Look at the Reasons Behind the Surge
On March 21st, it was reported that in the past six years, despite the government\’s traditionally negative attitude towards the industry, the number of cryptocurrency investors in
-
Blockchain claims settlement platform Vitraya completed $5 million financing
According to reports, Vitraya Technologies, the development company behind the blockchain claims settlement platform Vitraya, announced the completion of a new round of financing o
-
Timeless Launches First Social Wallet for Web3 Builders and Crypto Enthusiasts
According to reports, Timeless, a multi chain social wallet, announced the launch of the first social wallet designed specifically for web3 builders and cryptocurrency enthusiasts.
-
**Sui Development Team Acquires Assets of Sui Ecological Domain Name Service to Enhance Identity Service Infrastructure for Sui Blockchain**
On March 21, the Sui development team Mysten Labs acquired some assets of the Sui Ecological Domain Name Service (SuiNS). This acquisition will enable Mysten Labs to continue devel
-
Turbulent Period in the Banking Industry Comes to an End: CEO of New York Mellon Bank Still Interested in Cryptocurrencies
According to reports, the CEO of New York Mellon Bank stated that this turbulent period in the banking industry has come to an end and we are still interested in cryptocurrencies.
-
The Rise of USDC and the Impact on ProShares, MicroStrategy Stocks, and Binance
21:00-7:00 Keywords: USDC, ProShares, MicroStrategy stocks, Binance. US
Overnight updates on April 9th at a glance
In recent years, the emergence of various cryptocurrencies has le -
Huawei Launches Metaverse/Web3.0 Alliance at APAC Partner Leaders Summit
According to reports, Morpheus labs tweeted that at the Huawei Cloud APAC Partner Leaders Summit held in Bali, Huawei took the lead in launching the Metaverse/…
-
Global Shipping Business Network Teams Up with Kaleris to Enhance Terminal Operating System
On February 24, it was reported that the blockchain platform Global Shipping Business Network (GSBN), headquartered in Hong Kong, China, would cooperate with K…
-
#Federal Reserve’s Interest Rate Swap Indicates an 80% Probability of a Rate Hike in May: Why It Matters?
According to reports, the Federal Reserve\’s interest rate swap shows that the probability of FOMC raising interest rates by 25 basis points in May exceeds 80%.
The probability of F -
ENS Vision Completes $2 Million Seed Round Financing Led By 1 Confirmation
According to reports, ENS Vision announced the completion of a $2 million seed round financing, with 1 confirmation leading the investment.
ENS Vision announces completion of $2 mi -
Bitnet Forms Partnership with AICoin for Contract Order Launch
According to the official news, Bitnet officially announced that it had reached an in-depth cooperation with the data service provider AICoin. The Bitnet contr…
-
The Rise of Meme Coins: A Look at Memeland’s Latest Project
On April 20th, Memeland, a NFT project under the well-known funny community 9GAG, tweeted that you are purchasing meme coins. We are building the THE Meme Coin. It is reported that
-
Coinbase Confirms Continuation of NFT Project Despite Losses
On February 23, Coinbase, the cryptocurrency exchange, said that it would not withdraw from its NFT project. After the release of the new quarter\’s financial r…
-
Binance Reopens Deposit and Withdrawal Services for ETH, OP, ARB, and Other ERC-20 Tokens after Ethereum Shanghai Upgrade
On April 12th, according to official sources, Binance posted an article on social media stating that after considering the upgraded network of Ethereum Shanghai to be stable, Binan
-
Decentralized exchange aggregator 1inch Network adds support for zkSync
According to reports, the decentralized exchange liquidity aggregator 1inch Network has added support for zkSync, a Layer2 solution for expanding Ethereum networks.
1 inch Network