Prominent digital currency trading platform Crypto Com has announced the addition of new trading pairs for Shiba Inu (SHIB) and Bone ShibaSwap (BONE), along with others.
According to the update by Crypto.com, users can now access SHIB and BONE trading pairs featuring the new PayPal USD (PYUSD) stablecoin.
Other coins added include Litcoin (LTC), ATOM, Stellar (XLM), and Bitcoin Cash (BCH).
New #SHIB, #BONE, #LTC, #BCH, #ATOM and #XLM trading pairs are now available in the https://t.co/vCNztATkNg App! ?
Trade $SHIB, $BONE, $LTC, $BCH, $ATOM and $XLM with $PYUSD now!
Get the App ? https://t.co/iIoKFVnKVQ pic.twitter.com/B2X74yQ9QI
— Crypto.com (@cryptocom) October 3, 2023
The latest development comes a few days after Crypto.com announced that it had partnered with PayPal and Paxos to become a preferred crypto exchange for trading the PYUSD stablecoin.
The recent inclusion of these trading pairs is advantageous as it creates more convenient avenues for members of the SHIB ecosystem to access the two crucial tokens.
Crypto.com’s History with Shiba Inu
The partnership between Crypto.com and the Shiba Inu ecosystem dates back to the asset’s inception. Since then, the mainstream exchange has continued supporting the token to help fast-track its embrace in the community.
Riding on its passionate community, Crypto.com added the Shiba Inu tokens to its DeFi wallet in March 2022. This move aimed to enable users to earn interest on their SHIB holdings.
Notably, the liquidity boost from Crypto.com has triggered many SHIB whales to favor moving funds through the trading platform when compared to others. Besides the general listing bond between Shiba Inu and Crypto.com, the exchange has also added the asset as one of its core reserve assets, per an earlier report from TheCryptoBasic.
The adoption of Shiba Inu has solidified the motive behind the latest development. With the association that is now highly mutually beneficial, the inclusion is also expected to help fuel the embrace of the PYUSD stablecoin on Crypto.com.
Succor to Shibarium Developers
Having a partner in Crypto.com has, in a way, removed a significant bottleneck that innovators on the Shibarium may be having. Shibarium is the Ethereum-based layer-2 scaling solution associated with the Shiba Inu protocol and is bound to welcome new DApps over time.
This DApps might get a soft landing in the mainstream listing through Crypto.com, another factor that makes the current partnership important.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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