A new pair of Shiba Inu (SHIB) has been added to Poloniex. Poloniex wowed the Shiba Inu community with a new trading pair as it drew backlash for its decision to list the Squid Game token. Poloniex, a veteran cryptocurrency exchange, announced that its users can now exchange Shiba Inu for USD Coin, the second largest fiat-backed stablecoin. Details cryptocoin.com‘in.
Good news for SHIB lovers
In mid-April, Poloniex listed its first Shiba Inu pair with the dollar-pegged flagship cryptocurrency Tether. It was one of the first exchanges to do so. Shiba Inu is now available on major exchanges such as Binance, Coinbase, Bitfinex, and OKEx. Kraken has delayed the listing indefinitely, despite a promise to add the token last month. Shiba Inu is down 3% in the last 24 hours, while rival Dogecoin is up 5%. Formerly the world’s most liquid cryptocurrency exchange, Poloniex has long passed its glory days, despite the marketing efforts of Tron CEO Justin Sun. Earlier today, the exchange drew criticism from some of its users after listing the notorious Squid Game (SQUID) that left its investors broke last month. And one Twitter user expressed his anger, saying he should list Bitconnect, the most notorious crypto scam.
By stealing the name of the hit Netflix TV series, the creators of the SQUID Token managed to attract gullible buyers and gain wide media coverage. Last Monday, the token dropped 99.99% after the scammers behind the token took users’ funds and walked away. Obviously, the “carpet pull” didn’t completely kill the token, with Poloniex listing the SQUID even though it turned out to be an obvious exit scam.
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