One of the world’s largest cryptocurrency derivatives exchanges Bybit has opened spot processes for Shiba Inu.
This is the good news for Shiba Inu holders and ShibaArmy. The famous Dog based cryptocurrency Shiba Inu was launched as a meme token. In a short time, the token gets successful in grabbing the attention of millions of investors worldwide.
The Bybit announced the listing of Shiba Inu for Spot Trading processes on their Twitter handle. Bybit platform has already launched the spot processes for Bitcoin, Ethereum, EOS, and XRP in July 2021.
Before this listing, the platform has allowed the users to buy and sell the asset with up to 25x leverage.
Recently Shiba Inu token has also launched on Brazil’s largest crypto asset trading platform. But the token is continuously in its downtrend for a few weeks and is almost 60% down from its ATH.
Currently, the price of Bitcoin is also down from its ATH and this listing may not impact much positively. But it is the best time to buy in dips and HODL till its next pump.
I am Pawan Kashyap currently living in Amritsar. I always try to grab new things from the cryptocurrency market. From my observations and trends in the market, I always try to provide the best and accurate information in the form of articles from this blog. Follow us on Facebook, Instagram, and Twitter to join us.