Bybit Expands Shiba Inu Support and Adds Euro Trading Pair

Leading cryptocurrency exchange Bybit has launched a new Shiba Inu to Euro (EUR) trading pair, aiming to expand trading options for SHIB investors.

Bybit announced this new trading pair today. In the announcement, the platform confirmed plans to list 12 new euro trading pairs on the spot market and included a link to the official announcement for further details on the development.

Bybit adds new Shiba Inu trading pairs
According to the announcement, the platform plans to list four new euro trading pairs on three different dates. Specifically, these euro trading pairs will be open to other crypto assets on July 8, 10, and 12. Today, July 8, Shiba Inu has taken an important position in the trading pairs.

Notably, in addition to Shiba Inu, the exchange also disclosed its intention to launch euro trading pairs for Pepe, Near Protocol, and dogwifhat today. A quick check on the platform confirmed that Bybit had already added support for these trading pairs at press time.

Bybit SHIBEUR Trading Pair
The SHIB/EUR trading pair surged by 54.95% after its launch, and the current trading price of Shiba Inu is €0.00001534. The asset initially surged to a peak of €0.00001572 but later corrected to current levels. Five hours after listing, the trading volume of the trading pair exceeded 511.2 million SHIB.

Bybit’s extensive support for SHIB
Following the latest development, Bybit now supports three Shiba Inu trading pairs in the spot market. The other two trading pairs are SHIB/USDT and SHIB/USDC. In addition, the exchange also provides SHIB1000USDT and SHIB1000USDC perpetual futures trading pairs to its customers.

Data confirms that the SHIB/USDT trading pair on Bybit accounts for 1.97% of the global Shiba Inu trading volume. It is worth noting that the 24-hour trading volume of this trading pair is $10.14 million, which is much lower than the $106 million recorded by the SHIB/KRW trading pair on South Korean exchange Upbit.

Bybit first listed Shiba Inu in December 2021, and the meme coin reached its all-time high two months later. The platform has since continued to expand its support for SHIB and launch campaigns aimed at boosting participation. Then the SHIB/USDC trading pair will be launched in August 2022.

The platform announced its integration with Google Pay in April to enable seamless cryptocurrency purchases. The development allows investors to purchase assets such as SHIB using their Google Pay accounts. Bybit currently holds 2.26 trillion SHIB worth $36.38 million in its Proof of Reserve (PoR).

Disclaimer: This content is for informational purposes only and should not be considered financial advice. The opinions expressed in this article may contain the personal opinions of the author and do not necessarily reflect the views of The Crypto Basic. Readers are encouraged to perform thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.