Bitcointry Integrates Shibarium Chain to its Platform

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Bitcointry Integrates Shibarium Chain to its Platform

Notable Turkish-based cryptocurrency exchange, Bitcointry recently announced that it has fully integrated the Shibarium network onto its platform. The new update was announced via a post on its official X (formerly Twitter) account on October 9.

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In a strive to broaden its cryptocurrency offerings, Bitcointry, a crypto hybrid exchange has made an impressive move by integrating various Shiba Inu products into its platform. As a result, Shiba Inu investors will soon be able to trade the native token of Shibarium, BONE, on the recently launched platform.

Consequently, the MARSWAP token (MSWAPF), one of the major players in the DeFi ecosystem on Shibarium will now be available on Bitcointry. At the time of writing, MARSWAP holds a significant share of the total locked funds on the Shibarium network, up to 38%. This makes it the most significant project on Shibarium in terms of TVL (total locked value).

Also, the MSWAPF/USDT trading pair is now live on the exchange. That being so, MARSWAP became the first Shibarium project to be listed on a CEX (centralized exchange). This comes as a welcome idea to Shiba Inu enthusiasts and the crypto community at large.

Bitcointry is a relatively new cryptocurrency exchange launched in 2023 with the mission of creating a world-class cryptocurrency exchange that prioritizes user
safety, convenience, and security.

The exchange offers a secure and convenient trading experience to its users. Bitcointry recently launched its regulated cryptocurrency trading platform, enabling the buying, selling, and storage of a wide range of digital assets including its Ethereum-based native token BTTY. At the time of writing, the exchange has a 24-hour trading volume of $608,423.

Turkey as a strategic location

Turkey plays a significant role in the crypto space. The country is known for its wide usage of cryptocurrencies. Over the past few years, Turkey has seen a significant rise in cryptocurrency adoption.

In fact, a recent KuCoin exchange report shows that crypto adoption in the country has grown significantly from 40% to 52% between 2021 and 2023. As the country struggles with rising inflation and the weakening of the Turkish Lira against the dollar, citizens (particularly young people) are beginning to turn to cryptocurrencies as a safe haven.

Bitcointry strategically positions itself as a force within the country. According to its whitepaper, its competitive advantage is focused on serving the Turkish market and providing 24/7 local language support.

Ultimately, the inclusion of Shibarium products to the platform attracts a wide base of loyal Shiba Inu enthusiasts who constantly participate in network activities to ensure the success of their beloved token. The entire crypto community will be watching closely to see how this unfolds.

Featured image source: Bitcointry Twitter.

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Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications such as Coinfomania and Crypto News Guru, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.

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