In a groundbreaking move, Bybit has unveiled a new trading pair on its platform, giving Shiba Inu (SHIB) additional support in Europe. This also paves the way for a major expansion of EUR offerings in the continent.
According to the announcement on its X handle today, the leading crypto exchange will list an impressive 12 new EUR pairs against a diverse range of digital assets in the spot market over the next few days, which started on the 8th of July.
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Aside from Shiba Inu (SHIB), the latest listing of trading pairs against EURO also includes top meme tokens such as PEPE, Near Protocol (NEAR), and Dogwifhat (WIF).
In a testament to their swift execution, these pairs are already live on the platform. Bybit’s decision to branch out into these additional assets signals a commitment to diversification and a finger on the pulse of market demand.
PEPE, the popular meme token, is sure to attract its share of enthusiasts, while Near Protocol’s decentralized app platform and Dogwifhat’s innovative approach to DeFi will likely draw in fans of cutting-edge tech.
This bold move is set to significantly enhance the trading experience for users, providing greater flexibility and opportunities for growth.
The SHIB/EUR pair has already made a splash, surging 54.95% upon its introduction and reaching a peak of €0.00001572. With a trading volume exceeding 511 million SHIB in just a few hours after listing, it’s clear that investors are eager to get in on the action.
Bybit’s commitment to supporting SHIB is evident, with the platform now offering three SHIB trading pairs on the spot market, including SHIB/USDT and SHIB/USDC. Additionally, customers can access SHIB1000USDT and SHIB1000USDC perpetual futures trading pairs, making Bybit a one-stop shop for all SHIB enthusiasts.
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What Makes SHIB Pair Special On Bybit
The Shiba Inu trading landscape reveals a fascinating insight – on Bybit. The SHIB/USDT pairing accounts for nearly 2% of global trading volume. Although its 24-hour trading volume of $10.14 million seems modest compared to the staggering $106 million traded on Upbit’s SHIB/KRW pair.
Bybit has been steadfast in its support for Shiba Inu (SHIB) since its listing in December 2021. The platform has continued to innovate, introducing engaging campaigns and expanding its offerings to include the SHIB/USDC pairing in August 2022, further solidifying its commitment to the Shiba Inu community.
With its user-friendly interface, extensive trading options, and innovative features like Google Pay integration, Bybit is cementing its position as a leading crypto exchange. With its significant holding of 2.26 trillion SHIB in its Proof of Reserve (PoR), worth a staggering $36.38 million, Bybit is demonstrating its dedication to the SHIB community.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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