Binance, the leading cryptocurrency exchange, announced that it has added a new one to its spot transactions. The exchange announced the First Digital USD (FDUSD) listing for the Shiba Inu token. FDUSD is also known as a strong $1.086 billion stablecoin.
This latest listing news will take SHIB to new heights and provide investors with a wide Binance It is preparing to offer advanced opportunities within its ecosystem.
Shiba Inu is already one of the most powerful names in the crypto world, with a transaction volume of hundreds of millions. Binance’s latest move is among the important details that will increase this transaction volume and token power.
The timing of this listing seems perfect for SHIB and went smoothly with the meme coin’s excellent performance in December. SHIB, generally seen as a seasoned player in the market, is currently having its second best month of 2023, recording an impressive price increase of 14.1%.
As Koinfinans.com reported, the token also completed the fourth quarter of the year on a high note, recording a 29.3% increase in its price.
This strategic move by Binance to highlight the SHIB/FDUSD trading pair underscores the exchange’s commitment to expanding its offerings and meeting the evolving needs of the crypto community.
While Shiba Inu enthusiasts celebrate this latest milestone, the crypto world also eagerly awaits the potential ripple effects of this listing on the Shiba Inu’s market dynamics, further solidifying its position as a formidable player in the crypto world.