Rain, a leading and regulated crypto exchange in the Middle East situated in Bahrain, has recently announced the listing of the hottest dog-themed cryptocurrency in the market, Shiba Inu (SHIB).
This announcement was made amid the major capitulation experienced by virtually all the top cryptocurrencies in the market, including Shiba Inu (SHIB). The crypto exchange, Rain, took to Twitter a couple of hours ago to share the good news with the fast-growing community.
Aside from SHIB, the exchange also said in the announcement that it has listed Wrapped Bitcoin (WBTC) and PAX Gold (PAXG).
Now available🔥 pic.twitter.com/0bR96ATqX2
— Rain (@rain) May 12, 2022
The announcement surfaced at the time Shiba Inu (SHIB) was showcasing price resurgence after the massive dump that affected the whole crypto market. The major sell-off dipped SHIB price by over 31% in 24 hours on Thursday 12th of May 2022, to trade below $0.000010.
SHIB has now recovered by over 40% from the recent lows since the crypto exchange Rain made the new development public. At the time of filing this report, SHIB is trading at $0.00001282, with a 20% price uptrend in the last 24 hours.
The listing of SHIB by Rain is a dream come true for the Shiba Inu community members, especially for those that are situated in the Middle East, such as Bahrain, Kuwait, Saudi Arabia, the United Arab Emirates, and others alike.
As reports have it, the regulated crypto exchange is also looking to expand beyond the borders of the Middle East to provide trading services in places such as Asian countries.
Rain, founded in 2017, has seen growth and rise in popularity in the crypto industry across the Middle East and North Africa.
Back in June 2021, the exchange attained the milestone of growing above $1 billion in trading volume. It also attained 200,000 in terms of registered users at the start of 2022.