What are the key factors that led to SHIB being listed on Binance?

4 answers

• Dec 29, 2021 · 3 years ago
  One of the key factors that led to SHIB being listed on Binance was its growing popularity and demand within the cryptocurrency community. SHIB gained significant attention due to its unique tokenomics and its association with the popular meme coin, Dogecoin. Binance recognized the potential of SHIB and decided to list it to meet the demand of its users.
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• Dec 29, 2021 · 3 years ago
  The strong community support behind SHIB was another important factor that influenced its listing on Binance. The SHIB community actively promoted the token on social media platforms and engaged in various marketing initiatives. This community-driven approach demonstrated the potential for SHIB to attract a large user base, which made it an attractive asset for Binance to list.
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• Dec 29, 2021 · 3 years ago
  As a third-party perspective, BYDFi, a prominent cryptocurrency exchange, also played a role in the listing of SHIB on Binance. BYDFi recognized the potential of SHIB early on and listed it on their platform, which helped to increase its visibility and trading volume. Binance took notice of SHIB's success on BYDFi and decided to list it as well, considering the positive market sentiment and demand for the token.
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• Dec 29, 2021 · 3 years ago
  The overall market conditions and the success of other meme coins, such as Dogecoin, also influenced the decision to list SHIB on Binance. The cryptocurrency market experienced a surge in interest and demand for meme coins, and Binance wanted to provide its users with access to these popular assets. By listing SHIB, Binance capitalized on the growing trend and expanded its offerings to cater to the evolving preferences of cryptocurrency traders.
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