Crypto.com, the crypto exchange based in Singapore, has announced the activation of a new trading pair for Shiba Inu (SHIB), the second-largest dog-themed token in the market.
As shared by the exchange on its official Twitter handle, users now have SHIB-BUSD as an option on the trading platform. This implies that they are now enabled to swap between the two digital currencies.
Aside from Shiba Inu (SHIB), BUSD has also been activated to pair with Tether (USDT), Solana (SOL), and Dogecoin (DOGE).
Crypto.com announced, “New BUSD trading pairs are now available in the Crypto.com App! Trade $BUSD with $USDT, $SOL, $SHIB and $DOGE now!”
— Crypto.com (@cryptocom) August 22, 2022
It should be noted that Shiba Inu (SHIB) officially joined the long list of digital assets on Crypto.com in March 2022. This was one of the listings that boosted the reach and popularity of the digital asset this year.
Shiba Inu (SHIB) Expansion
The listing of Shiba Inu (SHIB) on BitPay, the leading crypto payments processor, has also opened doors of opportunity for the meme token.
The recent BitPay announcement that positively impacted SHIB was related to the availability of Best Buy’s gift cards.
According to the crypto payments processor, holders of digital currencies, such as Bitcoin (BTC), Ethereum (ETH), Shiba Inu (SHIB), and Litecoin (LTC), can now spend their assets with gift cards at “Best Buy”, an American multinational consumer electronics retailer.
SHIB in the Market
The digital token SHIB is beginning to experience the reverse of the magnificent price trend it printed a couple of days ago. At the time, it looked like the community was getting it right after employing lots of efforts to keep the digital asset afloat over the past months.
Despite the billions of SHIB tokens already burned via numerous community initiatives, the current unfavorable price trend in the market keeps eclipsing their efforts.
At the time of filing this report, SHIB is trading at $0.00001303, with a relatively 3% price downtrend in the last 24 hours, according to CoinMarketCap. The digital asset has also lost about 18% of its value over the last seven days.