Crypto.com, a prominent cryptocurrency exchange globally, has introduced a shopping function enabling users to buy products from over 150 well-known brands like Apple, Ray-Ban, and Nike. This feature accepts various popular cryptocurrencies, including Shiba Inu, as a form of payment.
In a recent announcement, Crypto.com unveiled that customers can earn up to 10% in Pay Rewards when purchasing through the Crypto.com App. This implies that users will receive a percentage of their spending as a reward for each transaction they make.
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The exchange also specified that this functionality is only available for customers residing within the United States.
Crypto.com has remained committed to supporting the Shiba Inu Ecosystem since it included support for Shiba Inu on October 5th, 2021.
In March of the previous year, the cryptocurrency exchange headquartered in Singapore introduced SHIB to its DeFi wallet. This action has allowed users to generate interest on their Shiba Inu holdings.
On August 22, 2022, Crypto.com expanded its support for Shiba Inu by introducing a new trading pair, SHIB/BUSD, on its platform.
In November 2022, Crypto.com announced that Shiba Inu accounted for approximately 20% of its reserve, which amounted to $558,152,612.17 ($558 million) worth of SHIB. However, the exchange’s reserve for the dog-themed cryptocurrency has significantly decreased in recent months. At present, Crypto.com holds $71,401,307 ($71 million) worth of SHIB in its reserves.