Bybit, a leading cryptocurrency exchange, has introduced a new trading pair for Shiba Inu (SHIB) with the Euro (EUR). This move aims to provide more trading options for SHIB investors and expand the exchange’s offerings.
In the recent announcement, Bybit revealed its plans to list 12 new EUR pairs against various cryptocurrencies in the spot market. The platform shared a link to the official announcement for more details on this development.
According to the release, Bybit will list four new EUR trading pairs on different days. Specifically, these EUR pairs will be available against other crypto assets on July 8, 10, and 12. Today, July 8, prominently features the Shiba Inu trading pair.
Apart from Shiba Inu, Bybit also intends to launch EUR trading pairs for Pepe, Near Protocol, and dogwifhat on the same day. A quick check on the platform confirms that Bybit has already added support for these trading pairs at the time of writing.
The SHIB/EUR pair experienced a significant spike of 54.95% upon its introduction, with Shiba Inu currently trading at €0.00001534. Initially, the asset reached a peak of €0.00001572 but has since corrected to the current level. Within five hours of listing, the pair has already achieved a trading volume exceeding 511.2 million SHIB.
With this latest addition, Bybit now supports three Shiba Inu trading pairs on the spot market. The other two pairs are SHIB/USDT and SHIB/USDC. Additionally, the exchange provides customers with exposure to SHIB1000USDT and SHIB1000USDC perpetual futures trading pairs.
Data shows that the SHIB/USDT trading pair on Bybit accounts for 1.97% of the global Shiba Inu trading volume. Notably, its 24-hour trade volume is $10.14 million, significantly lower than the $106 million recorded by the SHIB/KRW pair on Korean exchange Upbit.
Bybit initially listed Shiba Inu in December 2021, two months after the meme coin reached its all-time high. Since then, the platform has continuously expanded support for SHIB and introduced campaigns to encourage engagement. In August 2022, the SHIB/USDC pair was introduced.
In April, Bybit announced its integration of Google Pay for seamless crypto purchases, allowing investors to buy assets like SHIB with their Google Pay accounts. Currently, Bybit holds 2.26 trillion SHIB worth $36.38 million in its Proof of Reserve (PoR).
Please note that this content is for informational purposes only and should not be considered financial advice. The views expressed in this article 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, and The Crypto Basic is not responsible for any financial losses incurred.