One of the leading crypto derivatives exchanges, Shiba Inu (SHIB) Added support for spot trading.
Bybit, a Singapore-based cryptocurrency derivatives exchange, has announced that the Shiba Inu is now available for spot trading.
Prior to that, the platform added the SHIB1000/USDT derivative pair back in October, allowing users to trade the meme cryptocurrency with up to 25x leverage using the Tether stablecoin as collateral. SHIB can now be used for spot trading on Bybit.
📣 #SHIBarmy, are you ready? SHIB/USDT is now available for spot trading on Bybit!
👉 Trade $SHIB now: https://t.co/hlW7RmTLJP pic.twitter.com/7dGHoah6WW
— BYBIT 🦍 (@Bybit_Official) December 6, 2021
Bybit, which first launched spot trading support for four cryptocurrencies (Bitcoin, Ethereum, XRP and EOS) in July, due to regulatory restrictions; It does not allow traders from the United States, mainland China, Singapore, Iran and a few other countries to use the services.
Shiba Inu was recently listed on the largest cryptocurrency exchange in Brazil, as reported by KoinFinans.com. However, the cryptocurrency continues to maintain its downtrend despite a series of new waves of listings. The price of the SHIB token is now trading 60 percent below its all-time high.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.