Crypto exchange Binance, recently delisted a trading pair that involved Shiba Inu, and this has some concerned that the SHIB token was being removed. The SHIB token isn’t going anywhere and will continue to be listed on the exchange. The meme coin was even ranked the third-most-watched cryptocurrency for 2022, trailing behind only ethereum and bitcoin.
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The crypto exchange has been making headlines ever since the company backed out of a last-minute deal to rescue FTX before it completely imploded.
While many crypto exchanges have gone bankrupt, Binance plans on going on a hiring spree, even though the company has been facing scrutiny from various entities.
The cryptocurrency market has been making headlines for the past year due to various unprecedented disasters and implosions. Binance is one of the few crypto exchanges that has managed to avoid any major issues up until now.
SHIB is the primary token of the Shiba Inu ecosystem. The meme coin is currently up about 6% and has the 16th largest market cap of all cryptocurrency coins. The token started as an altcoin of Dogecoin that was built on top of the EthereumETH +0.1% blockchain in August 2020. The meme coin became popular when Elon Musk tweeted about wanting to own a Shiba pup, which led to the hype in the crypto space. The founder of Ethereum, Vitalik Buterin, donated 50 trillion Shiba Inu coins to a COVID-19 relief fund in India.