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HomeCrypto NewsCrypto.com CEO Thanks Shiba Inu Community for Support

Crypto.com CEO Thanks Shiba Inu Community for Support


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The development comes after the exchange announced the listing of Bone ShibaSwap (BONE).

Kris Marszalek, CEO and co-founder of Singapore-based crypto exchange Crypto.com, has expressed gratitude to the Shiba Inu (SHIB) community for their support. 

It came after Crypto.com announced the listing of BONE, the governance token for the ShibaSwap decentralized exchange, and the gas token for the forthcoming layer-2 network Shibarium.

“Thanks for the support,” Marszalek said in a tweet today, quoting the official BONE listing announcement. The announcement triggered a wave of joy among Shiba Inu proponents, who extended their appreciation to the exchange for the development.

Following the announcement, users can now trade the token on the platform with an option to purchase the asset with fiat directly. Barely 7 hours after Crypto.com declared support for the asset, trade volume has soared to $17.98 million as of press time, indicating a significant surge of interest.

Marszalek’s gratitude to the SHIB community comes without surprise, as several indications suggest that Crypto.com is proliferated with Shiba Inu investors. Last November, Crypto.com’s reserves revealed that the exchange held $558 million worth of SHIB at the time, a value worth more than its Ethereum (ETH) holdings.

On Feb. 28, Shiba Inu reportedly surpassed USDC in Crypto.com’s reserves, as the exchange’s total SHIB holdings had increased to $677 million. Consequently, Shiba Inu now accounts for nearly 18% of Crypto.com’s total reserves, making it the third-biggest single holding behind Bitcoin (BTC) and ETH.

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Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

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