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Shiba Inu: Leading Spanish Crypto Exchange Adds Support for $SHIB


Leading Spanish cryptocurrency trading platform Bit2Me has recently added support for the meme-inspired cryptocurrency Shiba Inu ($SHIB) in response to user demand for it.

According to an announcement Bit2Me published on the microblogging platform Twitter, it listed Shiba Inu and labeled it one of the cryptocurrencies its users were most asking for. It added that while its goal was to dethrone Dogecoin ($DOGE) it became one of the top cryptocurrencies in the world.

As CryptoGlobe has been reporting, Shiba Inu saw its popularity explode this year on a retail trading frenzy. It has been listed on numerous major trading platform include Coinbase, Binance, Kraken, and Bybit.

Shiba Inu’s adoption has also been steadily growing over the last few months, to the point the number of addresses holding SHIB on the Ethereum blockchain recently surpassed the one million mark. According to blockchain data, 30,000 to 40,000 new addresses have been adding SHIB on a daily basis.

It’s worth noting the one million figure only reflects wallets on the Ethereum blockchain and not individual holders. One SHIB holder can, for example, hold dozens of wallets, while another wallet can have the funds of thousands of holders if they custody their funds on an exchange, for example.




Exactly how many people hold $SHIB isn’t known, although some believe that there may be more users on cryptocurrency exchanges than on the blockchain. Over 41% of the cryptocurrency’s supply has been burned so far and the community behind SHIB keeps coming up with new initiatives to burn more tokens and reduce its circulating supply.

Ethereum whales have been accumulating SHIB over the last few months. One with over $800 million in various cryptoassets, as reported, holds over 1.67 trillion after making massive buys while the price of the cryptocurrency drops.

DISCLAIMER

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

IMAGE CREDITFeatured image via Pixabay




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