Shibcoin investors have a new way to trade the crypto.

Trading platform OKEx is the first to list SHIB, the first native crypto asset of the Shiba network. 

It comes as the digital currency dropped by 40%, but then recovered as investors sold Bitcoin after Elon Musk’s decision to suspend Bitcoin payments for Tesla vehicles.

Deposits of SHIB opened over the weekend, and the token can now be traded against USDT – a stablecoin.

SHIB, also known as a “meme coin,” is emerging as a top 30 cryptocurrency by market capitalisation.

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The founders put away 50% of the total SHIB supply in Uniswap.

The rest were burned in honor of Vitalik Buterin, one of the co-founders of Ethereum.

Welcoming Shib

SHIB is the first cryptocurrency token to be listed and incentivised on ShibaSwap — the Shiba Inu project’s own decentralized exchange.

“We are pleased to welcome Shiba Inu to the OKEx platform..”

“As an exchange, we are delighted to be able to offer a diverse portfolio of cryptocurrencies, including memetic tokens, to allow a comprehensive investment experience for our valued customers.”

“The Shiba Inu community has been gaining strong momentum from the weekend deposits, and we look forward to witnessing its robust development.”

“We are happy to be the first major exchange to offer SHIB to open the crypto gateway to these enthusiasts,” said OKEx CEO Jay Hao.

About OKEx

OKEx is a world-leading cryptocurrency spot and derivatives exchange that offers some of the most diverse and sophisticated products, solutions and trading tools on the market.

Trusted by millions of users globally, we believe that cryptocurrency will reshape our money and society, enabling all people to live with dignity and freedom.

With our extensive range of crypto products and services, and our unwavering commitment to innovation, our mission is to promote and advance cryptocurrency globally.