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What is Binance's role in the pegging of Shiba Inu?

avatarManasi PatilMar 27, 2022 · 3 years ago1 answers

Can 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?

What is Binance's role in the pegging of Shiba Inu?
Binance
Shiba Inu
Pegging

1 answers

  • avatarMar 27, 2022 · 3 years ago
    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.

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