Why Isn‘t Shiba Inu (SHIB) Listed on Binance?73

Binance is the world's largest cryptocurrency exchange by trading volume. It offers a wide range of cryptocurrencies for trading, but it does not currently list Shiba Inu (SHIB), one of the most popular meme coins. There are a few possible reasons why Binance has not yet listed SHIB.

Low Market Capitalization

One possible reason why Binance has not listed SHIB is its relatively low market capitalization. As of February 2023, SHIB has a market cap of around $7 billion, which is significantly lower than other cryptocurrencies that are listed on Binance. Binance may be hesitant to list SHIB until its market cap increases.

Lack of Utility

Another possible reason why Binance has not listed SHIB is its lack of utility. SHIB is a meme coin, which means that it does not have any real-world use cases. While SHIB has a large and active community, it is not clear how much demand there is for SHIB as a currency or a store of value.

Binance's Listing Requirements

Binance has a rigorous listing process for new cryptocurrencies. In order to be listed on Binance, a cryptocurrency must meet a number of criteria, including having a strong team, a clear use case, and a sufficient level of liquidity. SHIB may not currently meet all of these criteria.

Regulatory Concerns

Binance is a regulated cryptocurrency exchange. As such, it must comply with all applicable laws and regulations. Binance may be hesitant to list SHIB if it believes that doing so could expose it to regulatory scrutiny.

Conclusion

There are a number of possible reasons why Binance has not yet listed Shiba Inu (SHIB). These reasons include SHIB's low market capitalization, lack of utility, Binance's listing requirements, and regulatory concerns. Until these concerns are addressed, it is unlikely that Binance will list SHIB.

2025-02-01

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