Binance.US has listed Kilo Shiba Inu (KSHIB). The KSHIB/USD pair joins the existing SHIB/USDT and SHIB/BUSD pairs.
Customers can now convert KSHIB to SHIB or vice-versa, with zero fees, in preparation for KSHIB/USD trading. 1 KSHIB is equivalent to 1,000 SHIB.
To trade KSHIB for USD, customers must first convert their SHIB to KSHIB.
Deposits and withdrawals are only enabled for SHIB. Customers must first convert their KSHIB to SHIB before withdrawing funds. Similarly, customers must deposit SHIB to their Binance.US wallet, before converting their SHIB to KSHIB.
What is Kilo Shiba Inu (KSHIB)?
Named after the metric prefix, Kilo Shiba Inu (KSHIB) is equivalent to 1,000 Shiba Inu (SHIB) tokens. Binance.US customers can freely convert their KSHIB tokens to SHIB or vice-versa, with zero fees.
By removing a few decimal places from SHIB, KSHIB allows customers to more conveniently trade SHIB for USD via the KSHIB/USD trading pair, once customers have converted their SHIB to KSHIB. Read our full guide on How to Convert Between SHIB and KSHIB.
Visit our blog to learn All About KSHIB. Or visit All About SHIB to learn more about the base asset.
How to Automate KSHIB Conversions for API Traders and Developers
API users looking to automatically convert between SHIB and KSHIB with no fees can refer to Binance.US' API Documentation portal. Bookmark the portal for detailed information on Binance.US' REST API and WebSockets, in addition to code samples in Python and Shell.