Named after the metric prefix, one Kilo Shiba Inu (KSHIB) is equivalent to 1,000 Shiba Inu (SHIB) tokens.
Despite being one of the world’s most popular cryptocurrencies, SHIB tokens can be a complicated asset to trade, as each token is worth just a fraction of a cent (at the time of writing).
To make it more convenient for customers to trade SHIB for USD, Binance.US is pleased to introduce the KSHIB token. Each KSHIB token is equivalent to 1,000 SHIB tokens, and customers can freely convert between KSHIB and SHIB at any time, with zero conversion fees.
With the introduction of KSHIB, customers can trade their SHIB for USD using the KSHIB/USD trading pair. The KSHIB/USD trading pair will join the existing SHIB/USDT and SHIB/BUSD pairs.
- To trade KSHIB for USD, customers must first convert their SHIB to KSHIB. Read our guide on How to Convert Between SHIB and 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.
- For more information on Shiba Inu (SHIB), visit our other blog article to learn All About SHIB.
Trade KSHIB/USD on Binance.US!
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.
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