Shiba Inu, the second largest meme coin by market cap, has started trading on Binance.US, the American subsidiary of the world’s largest crypto trading platform. Earlier this month, it was listed on Coinbase Pro, resulting in an impressive 30% price increase. Now SHIB is trading at $0.000006861 with sudden momentum. Here are some details…
Exchanges compete for meme coin
cryptocoin.com In May, Binance listed its Ethereum-based cryptocurrency SHIB in an innovative category tailored for traders who prefer high-risk transactions. The rival FTX exchange has also added support for the SHIB token. Now, the Shiba Inu’s market cap peaked at $13.83 billion on May 10 and is currently trading 80% below that level. On Binance, Shiba remains the key exchange for Inu, with the SHIB/USDT trading pair alone accounting for around 20% of the cryptocurrency’s total trading volume.
Trading on Huobi, Poloniex and other exchanges with SHIB
Dogecoin (DOGE)’s strongest competitor skyrocketed with massive earnings and Ethereum co-founder Vitalik Buterin’s burning of a staggering $6 billion in SHIB tokens after donating $1 billion to a charity. Despite the fact that the Shiba Inu rally is cooling down pretty fast, the latest listing news on some of the world’s largest exchanges suggests it could play into the top 50 cryptocurrencies.
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