The US-based crypto exchange Binance listed popular Dogecoin rival Shiba inu token (Shib).
BinanceUS is a fully independent subsidiary of the Binance crypto exchange. This exchange was launched in September 2019 and is headquartered in California. Binance.US was established to provide crypto trading services for the US crypto sector and adhere to U.S. regulations. To this date, Binance offers trading of 120 flagship crypto assets.
On 25 Feb 2023, BinanceeUS announced the listing of the Shiba inu token (SHIB) and also acknowledged the use of Shib on the ShibaSwap Defi protocol.
Trading is now available for $SHIB / $USD on #BinanceUS!
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@Shibtoken's are the medium of exchange within the #Shiba Inu ecosystem, which includes ShibaSwap, a #DeFi platform, that features liquidity pools, token swaps, #NFT’s, voting rights within the DAO, and more.
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— Binance.US
(@BinanceUS) February 24, 2023
Earlier this BinanceUS launched Kilo Shiba Inu (KSHIB) on the platform so that crypto Investors can easily buy Shiba inu tokens for US dollars.
1 KSHIB token = 1,000 SHIB tokens, which means all the BinanceUS customers, who were holding KSHIB tokens, will get SHIB tokens corresponding to holdings as a part of this official listing.
Shibarium blockchain
Initially Shiba inu token emerged as a meme coin, which means no use case, but now to this date Shiba inu token is a flagship crypto project. Under this project, devs are working on a layer-2 scaling network “Shibarium”.
On the new blockchain network, the Shiba inu token will be supported but the native token will be the $Bone token.
On 16 Jan 2023, Shiba inu project team confirmed that the team is very close to launching the beta version of the Shibarium blockchain.
Introduction to Shibarium: Shiba Inu's Layer 2 Network — Rejoice #ShibArmy! Shibarium Beta is about to be launched, and through this article we want to introduce some basic concepts in order to provide clarity to the community.
Read more: https://t.co/mvV5iw54Ts
— Shibarium Network (@ShibariumNet) January 15, 2023
In the past, many crypto experts criticised the Shiba inu project team. They noted that the team is taking advantage of its token popularity and they are creating another coin to make more profit instead of bringing more use cases for Shiba inu tokens.
Read also: Indian finance minister says anything outside of the central bank is not a Currency
BinanceUS adds support for Shiba inu token officially
https://bitcoinik.com/binanceus-adds-support-for-shiba-inu-token-officially/feed/
https://bitcoinik.com/binanceus-adds-support-for-shiba-inu-token-officially/feed/
