World’s biggest crypto exchange by trading volume, Binance, has added a new Shiba Inu (SHIB) trading pair, SHIB/GBP, opening a new opportunity for crypto traders to take advantage of the mean reversion trade gained by the paired assets.
Shiba Inu Binance Listing
Recall that Binance initially listed Shiba Inu in May 2021, making history as one of the first major crypto exchanges to list the meme cryptocurrency. Binance.US, the company’s U.S.-based subsidiary, launched SHIB trading in September of the same year. In February 2022, Binance Custody, the custodial arm of the cryptocurrency giant, added support for Shiba Inu and some other crypto assets.
Following the listing, Binance announced a giveaway of over $100,000 in SHIB for new users, allowing them to earn free Shiba Inu (SHIB) tokens in March as n incentive for trading the popular meme coin on the platform.
In the same years, Shiba Inu saw numerous listings and has continued to gain popularity and adoption, launching on several major exchanges such as Gemini, Kraken and Coinbase. In April, brokerage app Robinhood listed Shiba Inu, to the delight of the Shiba Inu community that had worked for it to be listed. A change.org petition in favor of the listing had received close to 600,000 signatures.
Recent developments in the Shiba Inu Ecosystem
Shiba Inu is arguably the hottest crypto project of the year. It has experienced mind-blowing development since the beginning of 2022. It has experienced mind-blowing development since the beginning of 2022. Shiba Inu burn portal is gaining momentum. As per reports, 25 billion SHIB has been burned since the portal started operations in the past week. Shiba Inu holders may receive rewards for burning SHIB tokens.
Moreover, the Shiba Inu team has announced that land can now be bought with the Shiba Inu token in SHIB: The Metaverse. This, it says, became necessary due to community feedback while sharing details of minting lands with SHIB in a posted tweet.
Furthermore, Shiba Inu (SHIB) remains the top asset held by the top 1,000 ETH whales. These whale addresses currently hold $1,280,237,629 worth of SHIB. Shiba Inu has gained nearly 5,000 new holders within days as this metric count reflects growth, increasing the total number of SHIB holders to 1,144,159, according to WhaleStats.
Finally, Gucci, one of the famous fashion brands, has also announced that it will start accepting Shiba Inu and some other cryptocurrencies at some select locations in North America.