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Why is it not possible to buy Shiba Inu on Binance?

avatarKhodor ItaniDec 16, 2021 · 3 years ago3 answers

Why can't I purchase Shiba Inu on Binance, the largest cryptocurrency exchange?

Why is it not possible to buy Shiba Inu on Binance?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Unfortunately, Shiba Inu is not available for trading on Binance at the moment. Binance regularly reviews and updates the list of supported cryptocurrencies based on various factors such as market demand, project credibility, and regulatory compliance. It's possible that Shiba Inu did not meet the criteria set by Binance for listing. However, you can still find Shiba Inu on other exchanges that support it.
  • avatarDec 16, 2021 · 3 years ago
    Binance has a strict listing process for cryptocurrencies, and not all coins or tokens can be listed on their platform. The decision to list a cryptocurrency depends on several factors, including the project's credibility, market demand, and regulatory compliance. Shiba Inu may not have met these requirements, which is why it is not available for trading on Binance. You can explore other exchanges that support Shiba Inu if you're interested in trading it.
  • avatarDec 16, 2021 · 3 years ago
    As an expert at BYDFi, I can tell you that Binance has its own listing criteria and process. While I don't have access to the specific details, it's possible that Shiba Inu did not meet the requirements set by Binance for listing. However, there are other exchanges where you can buy and trade Shiba Inu, so you're not completely out of luck. Make sure to do your research and choose a reputable exchange before making any transactions.