Binance to Move Shiba Inu and Other Tokens out of Innovation Zone

Binance to Move Shiba Inu and Other Tokens out of Innovation Zone

Based on a recent review, Binance has decided to remove Shiba Inu (SHIB), Frax Share (FXS), Trust Wallet Token (TWT), and 1inch (1INCH) from the Innovation Zone on April 18th, 2023.

The popular meme coin, Shiba Inu, has maintained its position in the top 20 cryptocurrencies by market capitalization

Also, according to a recent report, SHIB has increased by 5.4% in the past 7 days.

Notably, the SHIB team has kept up a constant pace of development and varied projects.

Related Reading: Shiba Inu: BONE Token Receives Majority Vote for Listing on CetoEX

Shiba Inu Steps Up

According to the announcement, The Innovation Zone was introduced to give Binance users a safe place to trade new and innovative projects. 

Over time, some of these projects have proven their worth and meet the high standard expected.

“When we identify such projects during our periodic project review, we will move them out of the Innovation Zone.”

The exchange has chosen to remove SHIB and these other tokens from the innovation zone after giving it careful consideration. 

After Binance conducted reviews based on many aspects and criteria, SHIB reached this milestone.

It is important to note that other services related to the tokens will not be affected.

Read Also: The Lead Developer of Shiba Inu Teases the Upcoming Launch of ShibaSwap 2.0

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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