Main navigation

Dogecoin Killer Shiba Inu Now Available for Spot Trading on One of World's Largest Exchanges

Advertisement
Mon, 6/12/2021 - 14:44
Dogecoin Killer Shiba Inu Now Available for Spot Trading on One of World's Largest Exchanges
Cover image via stock.adobe.com
Read U.TODAY on
Google News

Singapore-based cryptocurrency derivatives exchange Bybit has announced that Shiba Inu is now available for spot trading.

Prior to that, it added the SHIB1000/USDT derivatives pair in October, allowing users to trade the meme cryptocurrency with up to 25x leverage while using the Tether stablecoin as collateral.

Bybit initially launched support for spot trading in July for four cryptocurrencies (Bitcoin, Ethereum, XRP and EOS).

Traders from the U.S., mainland China, Singapore, Iran and some other countries are not allowed to use the service due to regulatory roadblocks.

Related
During the same month, the Ontario Securities Commission warned the exchange against offering derivatives products in the largest Canadian province.

Bybit is the fourth-largest cryptocurrency exchange by Bitcoin futures open interest (behind only Binance, CME Group and FTX).

In other news, Shiba Inu was recently listed on the largest cryptocurrency exchange in Brazil.

Yet, the cryptocurrency continues its downtrend in spite of a wave of new listings. The SHIB price is now down 60% from its all-time high.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD