The Shiba Inu ecosystem team has revealed that the community never paid for SHIB to secure a listing on the over 130 crypto exchanges it now trades on.
Recently, Shiba Inu ecosystem’s marketing specialist Lucie called attention to a rare feat the project has attained in the crypto trading landscape.
Lucie proudly noted that Shiba Inu is tradable on nearly 130 crypto trading platforms. What makes this disclosure remarkable is the emphasis that the Shiba Inu community and ecosystem team offered no monetary compensation to facilitate any of these listings.
$SHIB is listed on approximately 130 exchanges and has never paid for a single listing.
— | Shibarium ⛓️ (@LucieSHIB) February 14, 2024
Exchanges Listing Shiba Inu
Notably, data from market tracker CoinMarketCap attested to the accuracy of the claim from the Shiba Inu team, as SHIB features on over 100 exchanges.
Prominent exchanges where SHIB is tradable include Binance, OKX, Gate.io, KuCoin, Bybit, HTX, and Coinbase. Even platforms renowned for stringent listing policies, such as the U.S.-based Robinhood exchange, have endorsed Shiba Inu.
Several factors likely contributed to Shiba Inu’s listing on these platforms despite its meme-inspired nature. The frenzy surrounding SHIB in 2021 played a significant role.
Market participants sought avenues to buy and hold Shiba Inu as the asset experienced unprecedented rallies, creating numerous millionaires and even billionaires.
Exchanges recognized this frenzy as an opportunity to cater to the growing demand of their users and potentially benefit from trading fees generated by the listing.
As a result, they were motivated to include Shiba Inu in their offerings to capitalize on the heightened interest in the cryptocurrency.
Emphatically, Shiba Inu continues to stand out as one of the most prominent crypto assets, boasting a valuation surpassing $5.81 billion.
Despite experiencing a downturn since 2021, SHIB’s rally from its low point remains remarkable, standing at 738,017% per CoinMarektCap data.
SHIB Army Reacts
Members of the Shiba Inu community have lauded SHIB’s accomplishments as the asset continues to assert its presence.
At the same time, the recent disclosure from the team has sparked reactions regarding SHIB’s performance, particularly in light of the bullish frenzy in the market.
Of notable concern is the observation that the Shiba Inu team’s burn initiative appears to be slowing down, with no reported manual burns for over 30 days.
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