The world's biggest exchange, Binance, has just announced that it is about to kick off Shiba-Inu-based futures contracts after listing SHIB on the Innovation Zone.
DOGE-inheriting Shiba-Inu token soars 113 percent on Binance listing
Shiba-Inu is an ERC-20 cryptocurrency ranked 19th on CoinMarketCap. Earlier today, Binance announced listing this coin inspired by DOGE in its Innovation Zone.
Today, at 1:00 a.m. (UTC), SHIB started trading on Binance against stablecoins BUSD and USDT.
Shiba Inu (SHIB) is one more meme-currency, made on the model of Dogecoin by experimental decentralized community SHIB.
They have called this coin a "Dogecoin Killer" as they plan to make it outperform Elon Musk's favorite cryptocurrency.
SHIB is the community's first crypto that will be listed on their ShibaSwap dex and will give users a chance to receive incentives from it.
After Binance listed this meme-coin, SHIB soared by over 113 percent and hit an all-time high of $0.00003264 an hour ago, according to CoinMarketCap.
SHIB-based futures on Binance
After SHIB trading started, Binance made a Twitter announcement that Shuba-Inu-based futures contracts would also be launched: USDT-margined perpetual contracts, each worth 1,000 SHIB, with 25x leverage.