Binance, the world’s largest cryptocurrency exchange, has announced that it will delist 17 tokens from its platform, including Shiba Inu (SHIB). The decision will take effect on October 28, 2023.
Binance says it is delisting the tokens because they do not meet its high standards for liquidity, trading volume, and project quality. The exchange also says that it reviews its liquidity pool regularly to ensure it provides its users with the best possible trading experience.
The delisting of SHIB is a blow to the cryptocurrency community, as it is one of the most popular meme coins in the world. However, it is important to note that Binance is not the only exchange that has delisted SHIB in recent months.
Other exchanges, such as Coinbase and Kraken, delisted the token.
The delisting of SHIB from Binance will likely hurt the cryptocurrency’s price. However, the delisting could increase demand for SHIB on other exchanges.
Here is a list of 17 tokens that Binance has announced it will delist:
Binance has not given a specific reason for delisting these tokens, but it is likely due to a combination of factors, such as low trading volume, lack of liquidity, and/or security concerns.