The crypto market Binance just launched a new trading pair shiba inus (CRYPTO:SHIB) on its platform.
The company on Thursday announced support for the SHIB/GBP exchange.
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#binance adds new trading pairs!
— Binance (@binance) May 5, 2022
The new pair joins existing cryptocurrency and stablecoin pairs, the most popular of which include the Bitcoin (CRYPTO:BTC) (SHIB/BTC) and the Tether (CRYPTO:USDT) (SHIB/USDT).
The most successful a-pair was introduced a in November, when Binance supported the Dogecoin (CRYPTO:DOGE) (SHIB/DOGE), so that traders can benefit from the mean reversion between the two canine cryptocurrencies.
SHIB is currently trading 76% below its all-time high of $0.00008616 and DOGE is -82% from its all-time high of $0.73. Both tokens remain in the top 15 cryptocurrencies by market cap, despite falling in price in recent months.
Major retailers like AMC Entertainment Holdings Inc. (NYSE:AMC) now accept meme coins as payment. More recently, the luxury firm Gucci gave the green light to the adoption of cryptocurrencies, including SHIB and DOGE, in several shops in the United States.
According to data from Benzinga Prothe SHIB traded up 1.81% to $0.00002019 in the past 24 hours.