Turkish-based crypto platform Bitcointry has become one of the first exchanges to integrate with Shibarium and embrace the Shiba Inu ecosystem.
On Monday, Turkish crypto platform Bitcointry announced that it has integrated the recently launched Shibarium network within its infrastructure. The new development potentially opens up the way for Bitcointry to offer its users a broad range of assets within the Shiba Inu ecosystem.
We are delighted to announce that we have successfully completed the integration of the shibarium chain onto our platform. #shibarmy #Shibarium #chain #layer2 #btty #bone @shib $BONE pic.twitter.com/M1LwoTO7YS
— Bitcointry (@Bitcointrycom) October 9, 2023
For instance, Bitcointry has followed up its Shibarium integration by listing two new Shibarium-native assets. Specifically, the platform has listed BONE (Shibaswap), the native token for Shiba Inu’s Shibaswap decentralized exchange (DEX) on Ethereum, and also added support for Marswap (MSWAPF).
Marswap is the leading decentralized finance (DeFi) platform on Shibaswap, facilitating token swaps and allowing users to farm rewards by providing liquidity on the network. Marswap boasts a Total Value Locked (TVL) of around $212,000 at the time of writing, representing more than 40% of the total liquidity on Shiba Inu’s new chain.
Bitcointry announced the listing of the BONE/USDT and MSWAPF/USDT pairs as part of the latest development. Both trading pairs are also featured on the exchange’s landing page, potentially a form of marketing for the Shib-based projects.
While Bitcointry may not be the largest crypto exchange in Turkey, the platform records a decent trading volume of around $500,000, according to Coingecko. Besides, integration with Shibarium opens up an opportunity to onboard new Turkish users to the Shiba Inu ecosystem.
We are delighted to announce that we have successfully completed the integration of the shibarium chain onto our platform. #shibarmy #Shibarium #chain #layer2 #btty #bone @shib $BONE pic.twitter.com/M1LwoTO7YS
— Bitcointry (@Bitcointrycom) October 9, 2023
More Exchange Integrations Underway for Shibarium?
Bitcointry’s decision to integrate with Shibarium marks a new milestone for the layer-2 network. One of the primary factors that drives the adoption of a new chain is exchange integrations. Such developments make it easier for users to move assets to and from the network and tap into liquidity provided by centralized platforms.
Shiba Inu enthusiasts hope other platforms follow Bitcointry’s steps and integrate the Shibarium chain. Ideally, such an outcome would help onboard more users to the new layer-2 and help boost already soaring adoption numbers.
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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