May 28, 2023

Binance to Move SHIB Out of the Innovation Zone for High-Risk Crypto Assets

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2 minutes.

Binance to Move SHIB Out of the Innovation Zone for High-Risk Crypto Assets

Binance, the largest exchange in terms of trading volume, announced its intention to withdraw SHIB, FXS, TWT and 1INCH crypto assets from the “innovation zone”. From April 18, users will have full access to them.

The Binance team explained that over time, manyprojects prove their value and meet high standards. When they reach this level, the exchange takes them out of the innovation zone. It was created in September 2020 to allow users to trade new, high-risk, volatile crypto assets.

When valuing assets in the Binance Innovation Zoneтщательно анализирует токеномику и поведение криптопроектов, уделяя внимание разным факторам: вовлеченности команды, объему торгов и ликвидности, стабильности и безопасности сети, скорости отклика на различные запросы, этичности поведения проекта и его вкладу в криптовалютную экосистему.

Поэтому, вывод SHIB из зоны инноваций позволит coin to take an equal place among other cryptocurrencies placed on the exchange, which proves the growing popularity of SHIB in the cryptocurrency market. Note that Binance listed SHIB in the Innovation Zone in May 2021, nine months after the launch of the Shiba Inu cryptocurrency.

Recently, the meme cryptocurrency SHIBis attracting a lot of community attention, especially since the launch of Shibarium's beta Puppynet last month. In 2022, the creators of the Shiba Inu coin announced the launch of their own SHI stablecoin and TREAT reward token, which, according to the developers, will be widely used in the Shiba Inu ecosystem.