The world’s largest cryptocurrency exchange by trading volume, Binance, has added a new Shiba Inu (SHIB) pair, SHIB/GBP, to its list. Crypto traders can now take advantage of the average return trade achieved by pulling both tokens against each other.
New Shiba Inu pair listed on Binance
Binance users will now be able to trade SHIB/GBP pair. According to the official announcement, JASMY/EUR and KNC/BNB pairs were also opened for trading.
#Binance adds new trading pairs!
🔸 JASMY/EUR
🔸 KNC/BNB
🔸 SHIB/GBPhttps://t.co/OylgZoaCDf— Binance (@binance) May 5, 2022
Binance first listed Shiba Inu in May 2021 and It made history as one of the first major crypto exchanges to adopt the meme token. The company’s US-based subsidiary, Binance.US, launched SHIB transactions in September last year. In February 2022, Binance Custody, the cryptocurrency giant’s oversight arm, added support for the Shiba Inu and several other cryptocurrencies. To promote SHIB trading on its platform, Binance has given new users a gift of over $100,000 in SHIB, allowing them to earn free Shiba Inu (SHIB) in March.
SHIB has been listed on numerous exchanges since 2021
Shiba has seen numerous listings launched since 2021 on several major exchanges such as Gemini, Kraken and Coinbase. As we reported on Cryptokoin.com , in April, crypto exchange Robinhood listed the Shiba Inu after popular demand. A change.org petition in favor of the listing garnered nearly 600,000 signatures.
Shiba Inu latest developments
The Shiba Inu burn portal continues to gain momentum. According to reports, a historic 25 billion SHIB has been burned since the portal went live last week. According to a recent announcement, Shiba holders will be able to receive rewards for burning SHIB tokens from May 17.
🔥🔥 25 BILLION SHIB BURNED!!! 🔥🔥 pic.twitter.com/rIA7nYgSEr
— Archangel (@RealCryptoAngel) May 5, 2022
Shiba Inu (SHIB), “retained” among whales ” remains the largest token
These whales currently hold $1,280,237,629 worth of SHIB. Shiba gained nearly 5,000 owners within days as this metric number reflects growth. The total number of SHIB holders currently stands at 1,144,159, according to WhaleStats. According to a report by Vogue Business, Gucci, one of the famous fashion brands, will start accepting Shiba and some other cryptocurrencies at certain locations in North America.
