Important Binance Update Concerning Shiba Inu (SHIB) and Dogecoin (DOGE).
DOGE/BUSD and SHIB/BUSD are two of the liquidity pools to be removed from Binance Liquid Swap on October 27.
■ Binance will delist 17 liquidity pools from its Liquid Swap by October 27, including pairs like DOGE/BUSD and SHIB/BUSD, but Binance Spot remains unaffected.
▪ Despite delistings, Dogecoin and Shiba Inu prices remain strong, reflecting the overall positive crypto market trend.
BitMEX also delisted pairs, including FLOKI/USD, but Floki Inu's value has seen a significant uptrend recently.
Binance Removes the Following Pairs.
The world's largest cryptocurrency exchange - Binance - announced it will delist 17 liquidity pools from Binance Liquid Swap in an attempt to "reduce slippage and provide users with better transaction prices." The amendments will become effective from October 27 and include some well-known digital assets.
Namely, all the affected trading pairs are ADA/BUSD, BNB/BUSD, BTC/BUSD, BUSD/DAI, BUSD/USDT, DOGE/BUSD, ETH/BUSD, FIL/BUSD, GMT/BUSD, HOOK/BUSD, LINK/BUSD, LTC/BUSD, MATIC/BUSD, POND/BUSD, SHIB/BUSD, SOL/BUSD, and UNI/BUSD.
"Users who hold positions in the above liquidity pools will automatically receive their deposited assets in their Spot wallets," Binance assured. It also clarified that the dismissal spree will not impact the trading of the aforementioned pairs on Binance Spot.
Despite being included in the amendments, the price performances of the largest memecoins by market capitalization - - Dogecoin (DOGE) and Shiba Inu (SHIB) have not suffered. The former is up 3% in the past 24 hours, whereas the latter has spiked by 4% (per CoinGecko's figures).
It is worth mentioning that the assets' price increase could be a result of the overall revival of the cryptocurrency market. Bitcoin (BTC) recently surpassed $30K for the first time since August, XRP soared to almost $0.53 following Ripple's latest victory against the US SEC, while Solana (SOL) has skyrocketed by 12%.