"Shiba Inu (SHIB) now fully supported on Binance.US, possibility of Bone ShibaSwap (BONE) listing in the future"

 Bombolo | News and Media

Binance.US, a cryptocurrency exchange platform, has recently launched full support for SHIB/USD trading pairs, allowing users to easily buy, sell, and trade Shiba Inu's native cryptocurrency, SHIB, against the US dollar.

The decision to drop support for the mathematically pegged coin may have been due to concerns over its stability and reliability, as it relies on complex mathematical algorithms to maintain its peg to Shiba Inu. In contrast, SHIB is a native crypto asset that operates on its own blockchain network and has gained significant popularity in recent months. By fully supporting SHIB, Binance.US will allow users to easily buy, sell, and trade this cryptocurrency on its platform, which could potentially increase the liquidity and demand for SHIB. This move may also reflect the growing interest in meme-inspired cryptocurrencies and the potential for such coins to gain mainstream acceptance.

Initially, Binance.US, supported Kilo Shiba Inu (KSHIB), which was created to make it easier for users to buy SHIB using US dollars by reducing the overall transaction cost. KSHIB was designed to be mathematically pegged to the price of SHIB, which means that its value was meant to remain stable relative to SHIB. However, this type of asset requires complex mathematical algorithms to maintain its peg to the underlying cryptocurrency, and its stability may be affected by market conditions or other factors. Despite its initial support for KSHIB, Binance.US has now ended its support for this coin and has instead launched full support for SHIB/USD trading pairs.

This month, a group of investors has created a petition to get Bone ShibaSwap (BONE) added to Binance's network of global crypto exchanges. BONE is the native token of ShibaSwap, a decentralized exchange that allows users to trade various cryptocurrencies, including Shiba Inu (SHIB). At the time of publishing, the petition has gathered more than 2,000 signatures, indicating strong support for BONE to be added to Binance's platform.

However, it's important to note that Binance's decision to list a cryptocurrency on its platform depends on several factors, including the coin's market capitalization, trading volume, and overall market demand. While the petition may help to raise awareness and generate interest in BONE, it's ultimately up to Binance to decide whether or not to list it on its platform.