SHIB to List on DeFi Exchange Parex Tomorrow

Parex decentralized exchange spreads the word about its plans to start trading Shiba Inu tomorrow—on April 20.

Another trading platform lists $SHIB

Two days ago, Parex exchange announced that it intends to launch Shiba Inu deposits and trading on its platform on April 20. The meme token will be paired against $USDT.

Earlier this month, U.Today reported that several other exchanges around the world had added support for the Shiba Inu meme cryptocurrency. However, unlike those platforms, Parex is a decentralized crypto exchange.

Decentralized platforms allow for transactions to occur using the peer-to-peer technology securely without a third party acting as an intermediary.

$SHIB @Shibtoken
gets listed on #ParexMarket!

🔰Pairs: $SHIB/$USDT
🔰Deposit: 14:00, April 20, 2022 (UTC) (#BEP20)
🔰Trading: 17:00, April 20, 2022 (UTC)#P2E #$SHIB #SHIBARMY #DEX pic.twitter.com/J8HMzVuPtX

— Parex Exchange 🔰 (@parexmarket) April 17, 2022

The launch of Parex was announced on March 23, according to Bloomberg. It was launched on myDexChain network using the DRC-16 protocol.

The platform is different from other exchanges as it has an in-built PRX token that is mineable and works using the Proof-of-Interoperability protocol.

The latter ensures that PRX can bridge to other blockchains, including Ethereum, Polygon, Polkadot, etc.

$SHIB listed by Robinhood

Earlier this month, U.Today covered that Shiba Inu was listed by South African digital exchange VALR. Besides, the much-expected listing by the Robinhood trading app finally took place for the canine token $SHIB.

Robinhood added Shiba Inu on April 12, along with three other popular altcoins: Polygon's MATIC, Compound (COMP) and Solana (SOL).

That event pushed the $SHIB price up over 20%. Still, it failed to even reach the October all-time high of $0.00008845. As of this writing, the token is changing hands at $0.00002513, which is 71.51% below that historic price mark.