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Crypto.com Enables Shiba Inu Community to Spend BONE at Over 80 Million Merchants

 BONE records a mild spike as the Singapore-headquartered cryptocurrency exchange lists the meme token. Bone Shibaswap listing on Crypto.com App comes as a show of gratitude to the Shiba Inu community, Kris Marszalex noted.

Crypto.com App Lists Bone ShibaSwap (BONE)

On Friday, BONE — the native and governance token of the Bone Shibaswap ecosystem — landed the Crypto.com trading App which supports over 250 cryptocurrencies. 

Accordingly, Crypto.com App users can now trade the Shiba Inu-related crypto asset at true cost with more than 20 popular fiat currencies including USD, EUR, and GBP.  

As per the listing announcement, the Shiba Inu community and other crypto users can now spend BONE at more than 80 million merchants globally using the Crypto.com Visa Card.

Bone Shibaswap listing comes as a way to appreciate the Shiba Inu community for their constant support for the Crypto.com exchange. “Thanks for the support ShibArmy,” Crypto.com CEO Kris Marszalek tweeted, citing the BONE listing update. 

It’s worth noting that Shiba Inu (SHIB) constitutes a greater percentage of assets held on the Crypto.com App. Particularly, the second-largest decentralized meme token constitutes roughly 18% of the exchange’s total reserve.

It is also the third-largest holding on the exchange following Bitcoin (BTC) and Ethereum (ETH). But as of December 7, 2022, both Bitcoin and Shiba Inu had the same reserve ratio of 102% per Crypto.com’s proof of reserve update

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Notably, on February 28, the volume of Shiba Inu on the trading platform touched $677 million, surpassing that of USD Coin (USDC).


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Ndianabasi Tom
Ndianabasi Tom
Ndianabasi Tom joined the crypto and blockchain industry in late 2018. He is an all-rounded crypto journalist and content writer. At TimesTabloid, he covers the industry's latest news, developments, and other educational content. He is a graduate of Petroleum Engineering.
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