The Shiba Inu community can rejoice because a new trading pair is now available on crypto.com. The new pair includes the SHIB-BUSD trading pair, which allows users to exchange the two tokens. This makes it easier for users to trade SHIB on the exchange with their preferred stablecoin.
According to reports, CryptoCom has added the Shiba Inu Token to its DeFi Wallet, allowing users to earn interest on their Shib holdings.
To be sure, the Shiba Inu community has been working hard to increase the token’s value and utility. However, there have been instances where a large amount of SHIB has been burned to reduce supply and increase demand.
Despite efforts to keep the coin afloat, the current market slump has impacted Shiba Inu. SHIB is trading at around $0.000012, down 2% in the last 24 hours and 17.8% during the previous seven days. Time will tell if adding the BUSD trading pair to Crypto.com affects the coin’s market position.