Shiba Inu Coin

Shiba Inu Now Available For Spot Trading On Bybit Exchange.

Bybit, one of the major crypto derivatives exchanges, has introduced Shiba Inu spot trading capabilities.

Bybit, a cryptocurrency derivatives exchange located in Singapore, has revealed that Shiba Inu is now accessible for spot trading. Even before that, it introduced the SHIB1000/USDT derivatives pair in October, enabling consumers to trade the meme cryptocurrency with up to 25x leverage while using Tether stablecoin as collateral. In July, Bybit enabled spot trading for four cryptocurrencies for the first time (Bitcoin, Ethereum, XRP and EOS).Due to regulatory constraints, traders from the United States, mainland China, Singapore, Iran, and a few other countries are not permitted to utilise the site.

Over the same month, the Ontario Securities Commission cautioned the exchange not to provide derivatives products in Canada’s largest province. In terms of Bitcoin futures open interest, Bybit is the fourth-largest cryptocurrency exchange (behind only Binance, CME Group and FTX). In other developments, Shiba Inu has recently been listed on Brazil’s major cryptocurrency market. Nonetheless, despite a flood of fresh listings, the cryptocurrency remains on a downward trend. The SHIB price has already fallen over 60% from its all-time high.

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