Bybit, One of the Leading Crypto Derivatives Exchanges, Added Support for Shiba Inu Spot Trading
Singapore-based cryptocurrency derivatives exchange Bybit has announced that Shiba Inu is now available for spot trading.
Prior to that, he added the SHIB1000 / USDT derivatives pair in October, allowing users to trade the same cryptocurrency with up to 25x leverage while using Tether stablecoin as collateral.
Bybit initially launched support for spot trading in July for four cryptocurrencies (Bitcoin, Ethereum, XRP and EOS).
Merchants in the United States, Mainland China, Singapore, Iran, and some other countries are not allowed to use the service due to regulatory barriers.
During the same month, the Ontario Securities Commission warned the exchange against offering derivatives products in the largest Canadian province.
Bybit is the fourth largest Bitcoin futures open interest cryptocurrency exchange (behind Binance, CME Group and FTX).
In other news, Shiba Inu was recently listed on the largest cryptocurrency exchange in Brazil.
Still, the cryptocurrency continues its downtrend despite a wave of new listings. The price of SHIB is now down 60% from its all-time high.