Binance, the largest blockchain ecosystem and digital assets exchange now recognizes Shiba Inu (SHIB) as one of the crypto projects with a high level of standard, quality development activity and a stable/ secure network.
In light of this, the leading crypto trading platform by market capitalization said it will move SHIB, the second-largest decentralized meme token out of its innovation zone on April 18. This implies the exchange’s full trust in the meme token project which has garnered massive support from the crypto community.
Per a Monday announcement, other crypto assets scheduled to be moved out of Binance’s innovation zone on Tuesday include Frax Share (FXS), Trust Wallet Token (TWT), and 1inch (1INCH).
Notably, the innovation zone was introduced by Binance in September 2020 to give its users a safe setting to buy and sell crypto assets that are new and yet to be fully developed. SHIB has been in the innovative zone ever since Binance listed it in May 2021.
“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 level of standard that we expect. When we identify such projects during our periodic project review, we will move them out of the Innovation Zone,” part of the announcement read.
#Binance will move the following tokens out of the Innovation Zone:
🔸 $SHIB
🔸 $FXS
🔸 $TWT
🔸 #1INCHhttps://t.co/BepOq4WVYm— Binance (@binance) April 17, 2023
Interestingly, following the recent review executed by Binance which takes into consideration many factors, the exchange deems it fit to move SHIB out of the innovative zone, boosting investors’ confidence in the crypto asset.
As implied by the exchange, Shiba Inu has a committed team that continues to record quality development activity including the expected Shibarium project and SHIB Metaverse. It added that SHIB has an impressive trading volume and liquidity with its blockchain network and smart contract always stable and safe from attacks. Additionally, Binance submitted that Shiba Inu contributes greatly to a healthy and sustainable crypto ecosystem.
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