Binance US, the US subsidiary of the change large Binance, has launched an revolutionary characteristic concentrating on Shiba Inu holders and different cryptocurrency traders. The platform has launched a singular Crypto Field that helps many cryptocurrencies, together with canine-themed meme cash.
Binance US launches free gifting service for Shiba Inu
The newly launched Crypto Field for Binance US customers will help a few of the largest meme cash by market cap, akin to Shiba Inu, Floki Inu, and Dogecoin. The customers who use the characteristic is not going to incur any transaction charges.
The launch of this Crypto Field will enable Binance US to cater to the quickly rising meme coin neighborhood. Meme cash began to grow to be widespread with the launch of Dogecoin a number of years in the past. The launch has impressed the creation of different meme cash, akin to SHIB and FLOKI, which have developed to offer utility to the holders.
Reward what excites you.
Reward over 150 #cryptocurrencies, together with widespread cash like $FLOKI, $DOGE, and $SHIB, with ZERO charges on https://t.co/AZwoBOgsqS utilizing Crypto Field.
Shock your folks or family members with the present of #crypto!
— Binance.US 🇺🇸 (@BinanceUS) Might 11, 2023
Binance has made a number of efforts to help the expansion of the meme coin neighborhood. The change lately launched a dollar-cost averaging (DCA) averaging characteristic for SHIB that allowed traders to purchase the second-largest meme coin at a predetermined schedule based mostly on their choice.
Binance isn’t the one platform exhibiting help for meme cash. LunarCrush additionally introduced help for Shiba Inu on the platform. The event will help LunarCrush customers and permit them to swap SHIB simply with the greater than 1,400 different cryptocurrencies supported on the platform.
Shiba Inu can also be gaining a use case within the gaming business. Nuxgame, one of many main iGaming software program suppliers, has introduced a partnership cope with CoinPayments to simply accept SHIB funds. This acceptance has promoted the utility of the meme coin as a medium of change.
The Bybit change additionally unveiled a giveaway marketing campaign for the SHIB meme coin. The marketing campaign rewards customers for buying and selling SHIB on the change. The change has created a $02K USDT prize pool for this initiative.
📣 The Memes Carnival is right here!
Merely commerce $DOGE, $PEPE, $SHIB, $LADYS, $FLOKI, and extra #memecoins to earn your share of the 20,000 $USDT Prize Pool!
🗓️ From now until Might 18, 2023, 11:30AM UTC
Be a part of the occasion: https://t.co/eesdGaZaWr#TheCryptoArk #BybitSpot pic.twitter.com/LSol0JG0UU
— Bybit (@Bybit_Official) Might 11, 2023
“The Memes Carnival is right here! Merely commerce DOGE, PEPE, SHIB, LADYS, FLOKI, and extra memecoins to earn your share of the 20,000 USDT Prize Pool! From now until Might 18, 2023,” the change stated.
SHIB seems to not have reacted to the optimistic information surrounding the meme coin. Within the final 24 hours, SHIB has dropped by 1.7%, buying and selling at $0.00000869 on the time of writing, in response to knowledge from CoinGecko.
Meme coin buying and selling frenzy
Meme cash have been making headlines over the previous few days. The frenzy was ignited by the Pepe the Frog meme coin launch that surged by over 6,000% barely a number of weeks after launch. The token was shortly listed by a few of the largest cryptocurrency exchanges, akin to Binance, KuCoin, and Crypto.com.
Apart from PEPE, the opposite meme coin that has made an enormous uptrend in latest weeks is the Milady meme coin. The meme coin gained over 10,000% in underneath 24 hours after Twitter’s proprietor, Elon Musk, posted a meme that includes the Milady non-fungible token (NFT).
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