BitMEX to Delist Shiba Inu Along With 47 Other Perpetual Contracts

Shiba Inu (SHIB) could face a huge blow as BitMEX, a top crypto exchange, announces the plan to delist the SHIBUSD pair in the near future. SHIB has been rather constrained in a downward price movement recently and this announcement could further add fuel to the fire

Besides SHIB, the exchange also announced the delisting of 47 other perpetual contracts on the basis that they have failed to garner sufficient trading interest. While Shiba Inu was making an attempt to stabilize around $0.00001230, the delisting could push it off balance

BitMEX Announces the Delisting of 48 Perpetual Contracts, Including SHIB

BitMEX crypto exchange announced in an official blog post dated September 4 that it will delist a total of 48 perpetual contracts. Out of the 48 pairs, Shiba Inu is the most notable one. As detailed by the exchange, the delisting will happen on September 11, 2025 at exactly 12:00 UTC

‘On 11 September 2025 at 12:00 UTC, we will delist 48 perpetual swap contracts…The contracts will be settled early at 12:00 UTC on 11 September 2025 ( “Tsettle”), according to the standard practice described in our Exchange Guide,” the blog post noted

Some of the affected pairs include SHIBUSD, ONDOUSDT, USDTUSDC, ARBUSD, ORDIUSD, XAUTUSD, WOOUSDT, BLURUSDT, ZROUSDT, and SAGAUSDT. The full list of the coins to be delisted is available on the official blog post. The BitMEX exchange claimed that the 48 perpetual contracts have “insufficient trading interest”, thus the reason behind the delisting

In the official announcement, BitMEX made it clear that the pairs will trade normally until 04:00 UTC on 11 September 2025. Afterwards, trading will cease and open orders will be canceled in accordance with the Exchange Guide

Shiba Inu Hit With a New Wave of Pressure

According to the daily chart on TradingView, SHIB has been under pressure as the price sits at $0.00001229 on the day. While the current level shows some sign of stabilization, the coin has been trending downwards as indicated by the Exponential Moving Averages (EMAs)

In particular, the price of Shiba Inu is sitting below the 20-day, 50-day, 100-day and 200-day EMAs. The 20-day EMA which is at $0.00001251 is exerting immediate resistance. Meanwhile the 50-day at 0.00001275 and 100-day EMA at 0.00001300 are also serving as stronger resistance. Ultimately climbing above the 200-day EMA at $0.00001391 could push SHIB out of the downtrend

Shiba Inu (SHIB) Price | Source: TradingViewHowever, the delisting of the SHIBUSD pair by BitMEX paints a gloomy picture. It highlights that the chances for a liquidity surge is very slim. This suggests that the price of Shiba Inu could become more volatile. Even small buy or sell orders could cause significant price swings and lead to higher slippage