Binance to Remove SHIB Token from the Innovation Zone

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, many projects 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.

#Binance will move the following tokens out of the Innovation Zone:

$SHIB
$FXS
$TWT
#1INCHhttps://t.co/BepOq4WVYm

— Binance (@binance) April 17, 2023

When evaluating assets in the Innovation Zone, Binance carefully analyzes the tokenomics and behavior of crypto projects, paying attention to various factors: team engagement, trading volume and liquidity, network stability and security, response speed to various requests, ethical behavior of the project and its contribution to the cryptocurrency ecosystem.

Therefore, the withdrawal of SHIB from the innovation zone will allow the 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.

The meme cryptocurrency SHIB has been gaining a lot of community attention lately, especially after 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.