In a significant development, GroveX, the Australian-based cryptocurrency exchange, has expressed its intention to seamlessly integrate with Shiba Inu’s thriving layer-2 network, Shibarium.
Since the launch of Shibarium, the layer-2 solution for the Shiba Inu ecosystem, the network has witnessed remarkable growth over the past two months. New projects have emerged, and user activity has soared to unprecedented levels, making Shibarium an attractive choice for exchanges seeking integration.
The latest platform to express a keen interest in aligning with the Shibarium network is GroveX, an Australian cryptocurrency exchange. Moreover, in a recent update, GroveX confirmed its active involvement in supporting the new layer-2 network.
However, the exchange’s team has shown a desire to engage directly with the Shibarium team to seek “clarification on certain aspects of the chain.”
Notably, within hours of GroveX’s announcement, Vet Kusama, a member of the Shiba Inu team, swiftly responded, demonstrating a willingness to collaborate with GroveX. This prompt response garnered strong support from the SHIB community, thereby raising hopes that the exchange can successfully achieve its stated integration goals with the support of the development team.
A successful integration holds the promise of enabling GroveX to facilitate trading SHIB ecosystem assets. Furthermore, it could open doors for the exchange to list tokens created on the Shibarium chain, potentially attracting more investments into this rapidly expanding blockchain ecosystem.
Exchange Listings: A Catalyst for Shibarium
In recent times, GroveX has not been the sole exchange expressing a strong interest in integrating with the growing Shibarium network. Just earlier this month, Bitcointry, a Turkey-based exchange, etched its name in history as the first exchange within the country and one of the early entrants in the cryptocurrency realm to pioneer deposits and withdrawals through the Shibarium chain.
As reported, Bitcointry wasted no time in capitalizing on the integration by adding support for two Shibarium-native assets: Bone ShibaSwap (BONE) and Marswap (MSWAPF). Such listings play a vital role in raising awareness for these tokens and contribute to the increased popularity of Shibarium within the broader crypto community.