thecryptobasic.com
The development comes one month after the Singapore-based exchange listed BONE on its platform.
Crypto.com, a leading Singapore-based cryptocurrency exchange, has extended support for Bone ShibaSwap (BONE), the governance token of Shiba Inu’s decentralized exchange ShibaSwap. The exchange has introduced additional BONE trading pairs, including BONE/SHIB.
The announcement, which was made today through Crypto.com’s official Twitter handle, has elicited a wave of excitement from the Shiba Inu community, as several proponents reveal that they had been anticipating the extended support since the exchange listed BONE last month.
New #BONE trading pairs are now available in the https://t.co/vCNztATSCO App! 📈
Trade $BONE with $SHIB now!
Get the App 👉 https://t.co/iIoKFVoiLo pic.twitter.com/446dKRM1NK
— Crypto.com (@cryptocom) April 6, 2023
The new trading pairs give investors the opportunity to trade BONE against other risk assets, including Bitcoin (BTC) and SHIB. This is particularly beneficial for Shiba Inu because it can potentially increase the trade volume of SHIB on the platform, thereby providing a boost to the asset’s market liquidity.
Lucie, a notable Shiba Inu community influencer, called attention to the development shortly after the announcement, touting the BONE/SHIB pair as a “pair made in heaven.”
Pair made in heaven $SHIB / $BONE https://t.co/NxRxAHBhw4
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) April 6, 2023
A quick look into the Crypto.com mobile app shows that BONE currently has four trading pairs: BONE/USDT, BONE/USDC, BONE/BTC, and BONE/SHIB. The exchange’s latest move comes one month after it finally listed BONE on March 2, following persistent calls from the Shiba Inu community.
BONE Garners Massive Attention
Shortly after listing the asset, Crypto.com introduced several initiatives surrounding BONE to attract customer demand and further appeal to the SHIB community. One such initiative was the BONE trading campaign, giving 500 participants an opportunity to win up to $500 in a trading competition involving BONE. Moreover, Crypto.com recently became the 10th biggest holder of the asset.
🍖 BONE Trading Campaign is live in the https://t.co/vCNztATSCO App
🔥 500 participants will win up to US$500
Learn more 👉 https://t.co/RUNX9gOqws pic.twitter.com/UjOQZtGj7U— Crypto.com (@cryptocom) March 9, 2023
BONE has garnered massive attention of late, especially due to the growing excitement surrounding Shibarium. The asset’s 24-hour trade volume currently stands at $6.4 million across all protocols, with MEXC accounting for almost half of this volume.
MEXC is among the numerous exchanges that have added support for BONE since the start of the year. Others include CWallet, Poloniex, and Gate.io.