BTCC Exchange Facilitates Trading of Shiba Inu with Leverage of 50x

Binance’s Updated PoR: 79 Trillion SHIB and 2.69 Billion XRP Proof of Reserves

BTCC, a fiat-crypto exchange that has been around for a long time, has added six new digital assets to its platform. Shiba Inu, Conflux (CFX), Alchemy Pay (ACH), Core (CORE), Nvidia (NVDA), and AMD (AMD) are among the newly added cryptocurrencies.

Adding these new digital assets to the BTCC platform means that millions of users can now buy them using fiat currency. Additionally, BTCC allows for Shiba Inu trading with leverage of up to 50x.

BTCC is one of the oldest exchanges in the world, having been established in 2011 as a fiat-crypto exchange. With over 6 million users, the exchange is based in the UK and holds crypto licenses in different European countries, Canada, and the United States, making it accessible to customers worldwide. BTCC enables crypto purchases using USD as fiat currency from anywhere globally.

Shiba Inu Gains More Acceptance

Shiba Inu has been working on gaining more mainstream acceptance by partnering with different companies and introducing new initiatives. One of its recent accomplishments is its partnership with KillerPay and SmartTab, allowing customers to use Shiba Inu and other cryptocurrencies to pay at different nightlife establishments in San Francisco.

Furthermore, Binance has formed a partnership with CityPay.io, which is a well-known cryptocurrency payment gateway located in Georgia. This collaboration will allow individuals who hold Shiba Inu to buy products from more than 600 merchants in Georgia, including Wendy’s fast-food restaurants.

The Shiba Inu team is currently focusing on the release of Shibarium Beta, which aims to offer quick and affordable transactions to users around the globe, thereby enhancing the token’s usefulness. 

However, in a recent Twitter conversation, the head developer of Shiba Inu, Shytoshi Kusama, indicated that he would no longer be following potential Shibarium projects on Twitter. He emphasized that some individuals promoting various projects on Shibarium do not necessarily represent the SHIB team’s involvement in those projects. He encouraged community members to conduct their own research before investing in any project.

Olasunkanmi Abudu

Olasunkanmi Abudu is a Web3 content writer with over five years of experience covering blockchain, decentralized finance, and digital assets. He specializes in producing well-researched and accessible content that explains complex technologies and market trends to both general readers and industry professionals.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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