Advertisement
AD

Main navigation

SHIB vs. BONE: New Shiba Inu Pair Now Available on Major Exchange

Advertisement
Thu, 6/04/2023 - 13:55
SHIB vs. BONE: New Shiba Inu Pair Now Available on Major Exchange
Cover image via www.freepik.com
Read U.TODAY on
Google News

Shiba Inu continues to spread around the world in various forms and expressions, this time not without the help of major crypto platforms. Thus, CryptoCom has announced the listing of a new trading pair involving two of the ecosystem's most popular tokens, SHIB and BONE.

Advertisement

Related
Shiba Inu (SHIB) Lead's New Twitter Bio Update Sparks Community Interest: Details

The exchange was the first of the large centralized platforms to allow direct trading between SHIB and BONE. Previously, such options were only available on decentralized platforms like ShibaSwap.

BONE vs. SHIB

It is likely that the purpose of this innovation on the part of the exchange is to spice up BONE trading on CryptoCom. Since listing on the exchange just over a month ago, the daily token trading volume, according to CryptoRank, is just over $50,000. At the same time, SHIB on CryptoCom has a turnover of more than $1.1 million on all pairs.

The crypto exchange remains the sixteenth largest holder of SHIB. Its holdings in the Shiba Inu token are currently valued at 9.48 trillion tokens, equivalent at current prices to $104.2 million. This makes SHIB the third largest allocation asset in CryptoCom reserves, behind only Bitcoin (BTC) and USDC.

Related
Shiba Inu (SHIB) TVL Plummets by 70%, Here's Why It's Concerning

The funny thing is that even though SHIB is a senior token in the Shiba Inu ecosystem, its price is tens of thousands of times lower because of the large supply. For comparison, BONE is currently quoted at $1.07 and SHIB at $0.000011.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

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

Popular articles

Advertisement
AD