Shiba Inu Suffers Major Blow as BitMEX Drops SHIBUSD Listing

BitMEX will delist the SHIBUSD perpetual contract on September 11th, citing low trading activity as the reason. This move impacts Shiba Inu’s exposure in the derivatives market and could signal a continued decline in price for the token. The delisting follows a trend of decreasing interest and demand for Shiba Inu in recent weeks, causing concern for its future stability. While this decision only affects SHIBUSD’s derivatives trading on BitMEX, it underscores a broader trend of waning speculative demand for the cryptocurrency.