A few significant cryptocurrencies as well as the dog-themed cryptocurrency Shiba Inu (SHIB) may be delisted from Uphold’s Canadian affiliate. Uphold is a multiasset digital money platform.
In an earlier announcement in December, Uphold gave the reason for the delisting: “After careful consideration and in line with the pre-registration undertaking that we have entered into with the Ontario Securities Commission as part of the process of obtaining appropriate registration in Canada, we have decided to no longer support the following assets.”
https://x.com/MrManXRP/status/1746706995627929804?s=20
SHIB, XDC, KAS, DOGE, CSPR, HBAR, XLM, ADA, INJ and VET are among the tier-3 assets delisted. The trading of the aforementioned assets was extended with a deadline of today, January 15, even though deposits of the stated assets halted immediately.
As stated in the release, the aforementioned assets will no longer be traded or swapped on January 15, 2024, at 11:59 p.m. UTC (7:59 p.m. EDT).
The deadline of January 15th is important for holders of crypto assets, including SHIB, as any delisted assets that remain in users’ wallets would be instantly converted into Canadian dollars at the mid-market rate upon liquidation.
SHIB scores new exchange listing
Ironically, Shiba Inu was able to secure a new exchange listing on the same day that its Uphold Canada trading was set to end.
Shiba Inu is now accessible on EarnBit, a recently launched trading platform. The listing move makes it possible for SHIB to be paid at sites where EarnBit is supported. On the site, users may also purchase, sell, or trade SHIB.
As of this writing, SHIB had dropped 1.95% to $0.0000096 over the previous day.
