Poloniex wowed the Shiba Inu community with a new trading pair while raising eyebrows with its decision to list the Squid Game token
Poloniex, a veteran cryptocurrency exchange, has announced that its users can now trade Shiba Inu against USD Coin, the second-largest fiat-backed stablecoin.
In mid-April, Poloniex listed its first Shiba Inu pair with Tether, the flagship dollar-linked cryptocurrency. It became one of the first exchanges to do so.
Shiba Inu is now available on such major exchanges as Binance, Coinbase, Bitfinex and OKEx.
Kraken, despite promising to add the token last month, has postponed the listing indefinitely.
Shiba Inu is down 3% over the past 24 hours, while its canine rival, Dogecoin, is up 5%.
Revive the Squid Game Disaster
Poloniex, which was once the most liquid cryptocurrency exchange in the world, is well past its glory days, despite the marketing efforts of Tron CEO Justin Sun.
Earlier today, the exchange faced criticism from some of its users after listing the infamous Squid Game (SQUID) that left its investors penniless last month, with one Twitter user joking that, next, it should list Bitconnect, the most famous crypto scam.
The creators of the token were able to attract gullible buyers and gain widespread media coverage by stealing the name of the hit TV series Netflix.
Last Monday, the token crashed 99.99% after scammers behind the token walked away with users’ funds attracting even more attention.
Obviously, the “rug pull” didn’t completely kill the token, with Poloniex moving to the SQUID list despite being exposed as a blatant exit scam.
