Bitmex lists Shiba INU, Burn Rate Crosses 400%


  • The well-known cryptocurrency project with a canine theme called Shiba Inu (SHIB) will be listed on the BitMEX exchange.
  • Derivatives were recently introduced to the foreign exchange market, and in July, 75 employees were let go from the exchange.
  • Users and investors will soon be able to deposit and withdraw SHIB using their BitMEX wallets, according to the press release.

Six new cryptocurrencies will soon be listed on one of the most well-known cryptocurrency exchanges, BitMex, which made the announcement. The Shiba Inu token, SHIB, among others, will be tradable on BitMex.

The BitMex exchange is notorious for its past leadership, which includes Arthur Hayes, a current cryptocurrency star, who was found guilty of violating anti-money laundering regulations. The exchange’s life has recently seen the introduction of derivatives on the foreign currency market as well as 75-person personnel cut in July.

According to the press release, users and investors will soon be able to deposit and withdraw SHIB using their BitMEX wallets. Additionally, they are free to exchange the aforementioned cryptocurrencies for USDC or USDT. Only 800,000 SHIB, 0.0004 WBTC, 10 MANA, 10 SAND, 0.37 FTT, and 90 CRO can be deposited and withdrawn by users.

The year 2022 has been very fruitful for the Shiba Inu team. The token has been listed on more than 100 exchanges, including Robinhood, in just one year. The Robinhood listing is especially noteworthy because it took the efforts of the whole SHIB community to get the executives’ attention.

According to recent reports, the most popular meme token will now be supported for online payments on the cryptocurrency debit card provided by Binance‘s Argentina branch, the largest cryptocurrency exchange.

It is important to draw attention to the information provided by the project’s primary developer on Shibarium and the video game Shiba Eternity among the most recent Shiba Inu advancements. The game should be a direct test of Shibarium, as mentioned by Shytoshi Kusama in Discord in answer to multiple inquiries concerning the anticipated Layer 2 solution release date.

It seems sensible, according to the developer, to test Shibarium as a blockchain through the game Shiba Eternity. Regarding the game itself, aside from a fantastic start, it has gained particularly strong momentum in the US, India, Turkey, and Iran.