July 21, 2024

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

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

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

The Binance team explained that over timemany projects prove their worth 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 evaluating assets in the Binance Innovation Zonecarefully analyzes the tokenomics and behavior of crypto projects, paying attention to various factors: team involvement, trading volume and liquidity, network stability and security, speed of response to various requests, ethical behavior of the project and its contribution to the cryptocurrency ecosystem.

Therefore, the removal of SHIB from the innovation zone will allowcoin to take an equal place among other cryptocurrencies listed on the exchange, which proves the growing popularity of SHIB in the cryptocurrency market. We 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 getting a lot of attention from the community, especially after the launch of the beta version of Shibarium - Puppynet last month. In 2022, the creators of the Shiba Inu coin announced the launch of their own stablecoin SHI and the TREAT reward token, which, according to the developers, will be widely used in the Shiba Inu ecosystem.