Binance.US, the U.S.-based subsidiary of cryptocurrency exchange giant Binance, has announced the delisting of Kilo Shiba Inu (KSHIB) and the introduction of a direct Shiba Inu (SHIB) to U.S. Dollar (USD) trading pair. Effective February 24 at 7:00 a.m. EST, the platform will transition users’ existing KSHIB holdings to SHIB at a conversion rate of 1 KSHIB = 1,000 SHIB.
Key Changes and Conversion Process
- February 20, 10:00 p.m. EST: The KSHIB/USD trading pair will be disabled, and all open spot orders for KSHIB will be canceled.
- Automatic Conversion: By February 24, KSHIB holdings will be replaced with SHIB tokens.
- Continued Availability: The SHIB/USDT trading pair remains active throughout the transition.
KSHIB, a denomination representing 1,000 SHIB tokens, was introduced to simplify trading by reducing decimal places. Users could previously swap between SHIB and KSHIB without fees, but withdrawals required reconversion to SHIB.
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Shiba Inu’s Market Momentum
The Shiba Inu ecosystem continues to expand, with the upcoming Shibarium layer-2 network poised to launch its Public Beta Testnet. Key highlights:
- Token Utility: Bone (BONE) will power Shibarium’s governance and transaction mechanisms.
- Supply Burn: Each Shibarium transaction will burn SHIB tokens, potentially increasing scarcity.
- Price Speculation: Analysts suggest SHIB could reach $1 under favorable conditions, driven by ecosystem growth and adoption.
FAQ Section
Q: How will my KSHIB be converted to SHIB?
A: Holdings will automatically convert at a 1:1,000 ratio by February 24.
Q: Can I still trade SHIB/USDT on Binance.US?
A: Yes, the SHIB/USDT pair remains unaffected.
Q: What’s the impact of Shibarium on SHIB’s price?
A: Increased utility and token burns may positively influence long-term valuation.
Currently ranked 16th by market capitalization, SHIB’s listing upgrade on Binance.US aims to enhance liquidity and accessibility for U.S. traders.