The recent update revealed the new Shiba Inu (SHIB) trading pair against the USD has been launched by BinanceUS.
The development allows American investors to trade SHIB against their fiat dollars deposited on the exchange.
BinanceUS Creates New Trading Pair For Shiba Inu
It is worth noting that the update came following Binance US disclosed its plans to replace the KSHIB/USD pair with the recently-introduced SHIB/USD trading pair. The KSHIB token, or Kilo Shiba, is equivalent to 1,000 original SHIB tokens.
Moreover, the US Binance once noted that the KSHIB tokens held by customers would be automatically converted to Shiba Inu at a proportion of 1 KSHIB to 1,000 SHIB by Feb 24. Furthermore, the exchange disclosed that pending spot orders on KSHIB would be closed on Feb. 20 at 22:00 (EST).
There have been a lot of programs held for Shiba Inu. For instance, BinanceUS hosted one of its numerous SHIB trivia sessions four days ago, which tested the community’s understanding of the Shiba Inu project. More also, the exchange recently added support for SHIB deposits and withdrawals on the BEP20 network. A month later, Binance US conducted a Twitter AMA to address the SHIB community’s concerns and requests.
The recent update revealed that the Shiba Inu (SHIB) has assumed the fourth position among the most searched digital currency (asset) in the United States.
Besides ranking fourth overall, Shiba Inu ranked as the third most searched term in West Virginia and Maryland. Bitcoin, Ethereum, and Dogecoin in most states only overtake SHIB.