Binance, one of the largest and most reputable cryptocurrency exchanges in the world, recently made headlines for delisting a trading pair involving the Shiba Inu. This move has caused some concern among investors, as many believed that the token for the popular meme coin, SHIB, would be removed from the exchange entirely. However, it is important to note that the SHIB token is not going anywhere and will continue to be listed on Binance.
In fact, the token even ranked as the third most viewed cryptocurrency for 2022, behind only Ethereum and Bitcoin. Binance has had a tumultuous year in the crypto space, with several unprecedented disasters and implosions among other exchanges. However, Binance has managed to avoid major issues so far. The exchange recently backed out of a last-minute deal to bail out FTX before it completely imploded, prompting some speculation about the future of the exchange.
Binance Announces Hiring Wave, Delists Shiba Inu Trading Pair: A Look At The Latest Developments In The Crypto Market
Despite this, Binance has announced plans to go on a hiring spree, which is a positive sign for the future of the company. This move shows that Binance is not only still operating, but also looking to expand, despite the fact that the company has come under scrutiny from various entities.
The exchange is looking to hire for various positions, including marketing, compliance, and business development, among others. The delisting of the Shiba Inu trading pair is not the biggest news surrounding Binance. On the contrary, it is worth noting that the exchange only removes a few trading pairs, and one of these pairs involves the SHIB token. Binance did not provide a reason why these trading pairs were removed in the official announcement. However, some sources have stated that they believe SHIB/GBP was delisted due to low liquidity. It is worth noting that the SHIB/USDT trading pair on the Binance exchange has one of the highest trading volumes, at $30.5 million. In positive news for Shiba Inu fans, Binance revealed that the token was the third most popular form of cryptocurrency in 2022, behind only Bitcoin and Ethereum.
The meme coin, which was touted as a โDogecoin killerโ, has seen its trading volume increase recently, as it is rare to see a smaller coin become one of the most viewed tokens on the platform. Binance currently holds about 16% of the circulating supply of Shiba Inu, with 91.57 billion tokens worth approximately $797.57 million across four different wallets. This shows that the popular meme coin is not going anywhere and that Binance continues to support it.
Big Eyes Coin (BIG) Has Significant Crypto Market Impact Amid Shiba Inu Delisting From Binance
Another cryptocurrency that has had a significant impact on the market is Big Eyed Coin (BIG). BIG is a community-led defi meme token that has exceeded investor expectations with features such as monthly charity wallets supporting ocean conservation charities. It also has a unique and innovative NFT space that connects people with shared interests, interesting content, and all things cryptocurrency. With over $16 million raised during the pre-sale stages, BIG is breaking down barriers and achieving unprecedented success in the crypto space.
Binance's decision to delist the Shiba Inu trading pair may have caused some concern among investors, but it is important to note that the token is not going anywhere and that Binance continues to support it. Furthermore, the exchange's plans to embark on a hiring spree show that it is not only still in business but also looking to expand, which is a positive sign for the future of the company. As the crypto market continues to evolve, Binance and other projects like BIG, GBBC, Eqo Networks, and BxCi will continue to play an important role in shaping the future of the industry.
For more information about Big Eyes Coin (BIG), follow their social networks:
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
sponsored
WARNING: Investing in crypto assets is not regulated, may not be suitable for retail investors and the entire amount invested could be lost
IMPORTANT NOTICE: Investing in crypto assets is not regulated, may not be suitable for retail investors and the entire amount invested may be lost
