Biconomy Announces Shiba Inu Futures Trading with 50x Leverage

HomeCrypto Exchanges

Biconomy Announces Shiba Inu Futures Trading with 50x Leverage

Last updated on May 18th, 2024 at 12:01 pm

Biconomy Shiba Inu Futures – Canada-based cryptocurrency exchange Biconomy has announced the addition of SHIB/USDT trading pairs to its platform.

Biconomy is one of the world’s leading cryptocurrency exchanges with users from more than 100 countries worldwide. The exchange has never hidden its support for the Shiba Inu ecosystem. In a recent development, it further supported the ecosystem by announcing futures trading for Shiba Inu.

The announcement was made via their official Twitter page. A new SHIB/USDT perpetual future trading pair was added to the platform with up to 50x margin. See the tweet below:

This would not be the first time Biconomy expressed its support for the Shiba Inu ecosystem. Back in January 2022, the crypto exchange first added SHIB to spot trading. In June of the same year, Biconomy supported Bone ShibaSwap (BONE), Shiba Inu’s governance token. Finally, adding SHIB/USDT trading pairs marks the third.

Biconomy, which is based in Canada is ranked the 23rd-largest crypto exchange by daily trade volume. It is a platform where you can securely buy, sell, and trade more than 50 digital assets.

Read Also:

Its users span over 100 countries worldwide with over 350 thousand registered members.

Shiba Inu’s Adoption

Meanwhile, the world’s largest crypto exchange, Binance has recently partnered with CoinGate to increase the acceptance of Shiba Inu as a payment method. CoinGate is a Lithuanian-based fintech company. This collaboration would make it easier for Binance Pay users to make payments with Shiba Inu tokens and more than 70 other cryptocurrencies.

In the same light, Atlanta-based crypto exchange BitPay has partnered with London-based company Ramp Network to enable its customers to use the Ramp Network checkout to buy over Shiba Inu and over 20 other cryptocurrencies. This acceptance and other recent developments have caused Shiba Inu holders to increase and adoption to increase.

Shiba Inu Price Today

According to live data from CoinMarketCap, Sbiba Inu is currently trading at $0.000011 USD. It is currently ranked #14 on the CoinMarketCap chart with a live market cap of $6,448,207,289 USD.

Special Offer (SPONSORED)

Binance Free $200 (Exclusive): Use this link to register and receive $200 free trading fee credit (terms).

"3Commas Trading Bot" Special Offer: Use this link to Sign up with 3Commas and get 10% off your first monthly subscription.