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XRP, Shiba Inu (SHIB) New Support Added by Binance: Details

Fri, 05/05/2023 - 11:39
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Tomiwabold Olajide
XRP, Shiba Inu (SHIB) support expanded by Binance as new investment products launch
XRP, Shiba Inu (SHIB) New Support Added by Binance: Details
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Top crypto exchange Binance has added new support for XRP, Shiba Inu and a handful of other cryptocurrencies.

In a new tweet, Binance announced that the Binance Auto Invest platform has added over 200 new assets and portfolio plans. A scroll through the list of cryptocurrencies supported includes XRP, Shiba Inu (SHIB), Cardano (ADA), Bitcoin (BTC) and others.

Also, supported cryptocurrencies can be purchased with more than 10 stablecoins and fiat currencies. The Binance auto-invest platform allows users of supported crypto assets to accumulate more on autopilot, as it allows them to automate crypto purchases and grow their crypto holdings.

More like a dollar-cost averaging (DCA) strategy, the time frame spans from seven days to three years. Users can also earn passive income from Binance Simple Earn.

SHIB, XRP Listed on Wirex's Dual Asset Investment Tool: Details

Crypto exchange Binance continues to expand its offerings for crypto users. Notably, XRP and Shiba Inu rank among the top traded assets on Binance. In August last year, Binance Card announced support for XRP and Shiba Inu, which were added to the list of supported cryptocurrencies on the platform.

Binance Card not only allows supported cryptocurrencies to be spent in Europe but also anywhere the Visa logo is visible. Binance Card, a debit card, also enables the use of supported cryptocurrencies at more than 90 million merchants globally.

At the time of writing, XRP was trading marginally down in the last 24 hours to $0.46 and ranks as the sixth largest cryptocurrency with a market cap of $23 billion.

Shiba Inu ranks as the 15th largest cryptocurrency with a market capitalization of $5.8 billion and was trading down 1.08% in the last 24 hours at $0.0000099.

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About the author

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.