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

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?

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
Related Tags
Hot Questions
- 95
Are there any special tax rules for crypto investors?
- 95
What are the best digital currencies to invest in right now?
- 84
How can I buy Bitcoin with a credit card?
- 71
What are the advantages of using cryptocurrency for online transactions?
- 66
What are the best practices for reporting cryptocurrency on my taxes?
- 37
What are the tax implications of using cryptocurrency?
- 28
How can I minimize my tax liability when dealing with cryptocurrencies?
- 27
What is the future of blockchain technology?