BlueBit, a top cryptocurrency exchange, has announced its integration with Shibarium, the L2 blockchain of Shiba Inu. This move allows users to deposit and withdraw Shiba Inu ecosystem tokens, including SHIB, LEASH, and BONE, through the network. The growing interest in Shibarium continues to gain momentum, as more platforms, including BlueBit, show their support.
BlueBit expressed its excitement about the integration, stating that it will strengthen the bond between the Shiba Inu and BlueSparrow communities. The exchange believes that this integration will lead to even more significant achievements in the future. BlueBit’s Chief Operating Officer, Terri Bennett, described the integration as “great news” and commended the BlueBit team for their accomplishment. Shiba Inu’s official handle also expressed gratitude to BlueBit for their support.
BlueBit, headquartered in Saint Vincent and the Grenadines, is a centralized exchange that has been operational since 2022. It has supported over 100 cryptocurrencies, including BTC, ETH, XRP, and ADA, since its launch. With the integration of Shibarium, BlueBit users can now withdraw their SHIB, BONE, and LEASH tokens to their native Shibarium wallet.
BlueBit is not the only exchange to support Shibarium. Other top exchanges, such as Gate.io and GroveX, have also integrated with the L2 network. In addition, popular wallet providers like Frontier have added support for Shibarium, and storage platforms like Exodus and Atomic Wallets plan to support it in the future.
As Shibarium gains support from various platforms, its user activity is expected to increase significantly. Currently, Shibarium has recorded a total of 412.2 million transactions. Although the number of daily transactions experienced a spike of around 7.5 million in December, it has since dropped to approximately 6,700. Shibariumscan data shows that there are 1.38 million wallet addresses on the network, with around 3.81 million blocks minted.
It is important to note that this article is for informational purposes only and should not be considered financial advice. The views expressed are the author’s personal opinions and do not reflect the opinion of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses incurred.