Shiba Inu (SHIB), which was listed on Robinhood exchange and rose in double digits last week, is preparing to be listed on a new DEX platform. Here are the dates and details…
Another exchange expands its list with Shiba Inu (SHIB)
Parex exchange announced recently that it will list Shiba Inu (SHIB) on its platform and is ready to accept deposits and accept deposits. He said he would open transactions on April 20. SHIB, the 15th largest cryptocurrency by market capitalization, will be listed on the Parex exchange with the USDT pair. In a report published earlier this month, which we cited as Kriptokoin.com, we reported that a number of other cryptocurrency exchanges around the world have started to accept the Shiba Inu. Unlike other platforms, Parex is a decentralized cryptocurrency exchange (DEX).
Why is Parex Exchange important?
The first launch of the Parex exchange was announced on March 23. The DRC-16 protocol has been released on the myDexChain network to launch the DEX platform. The platform differs from other exchanges in that it includes a built-in PRX token that can be mined and operates on a Proof-of-Interoperability protocol instead of the more traditional consensus mechanism. Second, it enables PRX to be connected to other Blockchains including Ethereum, Polygon, Polkadot and others via a bridge.
Shiba Inu (SHIB) added to Robinhood list along with other altcoins
Earlier this month, Shiba Inu started trading on South Africa-based VALR exchange. Apart from that, it has been added to the highly anticipated Robinhood roster. On April 12, Robinhood announced that it will list Shiba Inu and three other major altcoins: Polygon’s MATIC, Compound (COMP) and Solana (SOL). As a result of Robinhood listing, the price of SHIB increased by more than 20%. However, it is still trading 70% below the ATH level set in October at $0.000008845.
Robinhood CEO Vladimir Tenev and other high profile executives, Shiba He has repeatedly avoided the burning question of whether Inu should be listed on the platform, fueling speculation within the community. In November, Christine Brown, chief operating officer of the company’s crypto division, made it clear that the company favors quality over quantity, a reference to its crypto-native competitors with less conservative listing policies.
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