Today, there was a significant development regarding the future of Shiba coin. Including Shia Inu, ADA, and DOGE, a total of 10 altcoins are being prepared to be delisted by a popular cryptocurrency exchange. Accordingly, some altcoins will be removed from the listing on the Canadian cryptocurrency platform Uphold. This decision came as Uphold complied with the preliminary registration commitments to the Ontario Securities Commission, a very important step in obtaining the necessary registration in Canada. SHIB, XDC, KAS, DOGE, CSPR, HBAR, XLM, ADA, INJ, and VET were affected by this decision.
Uphold’s Delisting Decision and Deadline Dynamics
The announcement made by Uphold summarizes the careful evaluation that led to the delisting of these assets. Compliance with regulatory requirements, especially the Ontario Securities Commission, underscored Uphold’s determination to adapt to the regulatory environment.
As the deadline of January 15, 2024, approaches today, owners of these assets, including SHIB, should take note. After the deadline, all assets remaining in users’ wallets that are delisted will be immediately converted to Canadian Dollars (CAD) at the mid-market rate during liquidation.
Shiba Inu Finds New Ground: Listing on EarnBit
While this development was taking place, on the day Uphold Canada was preparing to halt trading for SHIB, a new exchange listing for Shiba Inu came to light. EarnBit, a recently established trading platform, announced that Shiba Inu is now listed on their platform.
This listing not only allows users to buy, sell, or exchange SHIB but also positions it to be accepted as a payment method at various venues supported by EarnBit. This development adds a layer of flexibility to SHIB, demonstrating its adaptability in finding new ways for trade and use.
How Much is Shiba Coin Worth?
At the time of writing this article, Shiba Inu (SHIB) has seen a decrease of 1.95% in the last 24 hours. Accordingly, its value has come to $0.00001018. As SHIB enthusiasts navigate these changes in the trading environment, the market response to Uphold’s delisting and SHIB’s new listing decision on EarnBit becomes a focal point for investors.
While SHIB faces changes on one platform, its entry into a new exchange signifies the constant evolution of the cryptocurrency market. For participants in this dynamic and ever-changing ecosystem, the ability to manage these changes and capitalize on emerging opportunities is becoming increasingly important.
