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TagsWhat is Binance's role in the pegging of Shiba Inu?
user23087860Mar 18, 2022 · 3 years ago1 answersCan you explain the involvement of Binance in the pegging of Shiba Inu? How does Binance contribute to maintaining the peg of Shiba Inu to its target value?
1 answers
- In the case of Shiba Inu, Binance has taken a proactive approach to support the pegging of the token. Binance has listed Shiba Inu on its platform, allowing users to trade the token against other cryptocurrencies. This listing provides Shiba Inu with increased visibility and accessibility, attracting more traders and liquidity to the market. Binance's reputation as a reliable and secure exchange also helps to build trust in the peg of Shiba Inu. By actively supporting the pegging of Shiba Inu, Binance demonstrates its commitment to fostering a healthy and stable cryptocurrency ecosystem.Mar 18, 2022 · 3 years ago
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