Crypto.com has introduced a new trading pair for Shiba Inu (SHIB) on its platform, featuring the SHIB/CORGIAI pair.
Key Takeaways
- Crypto.com responds to the growing popularity of Shiba Inu by introducing a new trading pair, SHIB/CORGIAI, catering to users seeking seamless token swapping.
- CORGIAI, a community-focused AI project partnered with Crypto.com-backed blockchain Cronos, joins Shiba Inu in the new trading pair, expanding the platform’s offerings.
- In addition to the SHIB/CORGIAI pair, Crypto.com launches a DOGE/CORGIAI trading pair, capitalizing on the demand for meme coins and aiming to increase market share.
Crypto.com Expands Shiba Inu Trading Options
Crypto.com has responded to the surging demand for Shiba Inu (SHIB) by introducing a new trading pair on its platform. Users can now easily navigate the SHIB/CORGIAI pair, facilitating seamless swapping between Shiba Inu and CORGIAI tokens. Notably, CORGIAI is a community-focused project in the emerging field of AI, partnered with Crypto.com-backed blockchain Cronos.
This strategic move aligns with Crypto.com’s efforts to capture a larger share of the trading volume associated with Shiba Inu, a meme coin that has gained widespread popularity. The addition of CORGIAI as a partner in the trading pair enhances the platform’s offerings, providing users with diversified options within the crypto space.
Expanding Support for Meme Coins
Simultaneously, Crypto.com has introduced another trading pair, DOGE/CORGIAI, allowing users to trade Dogecoin (DOGE), a well-known memecoin, for CORGIAI tokens. This reflects the broader trend among exchanges to expand support for meme coins, tapping into the growing interest in these unconventional digital assets.
Shiba Inu’s Market Dominance
Shiba Inu’s prominence in the market is underscored by its substantial trading volume and market capitalization. Recent reports indicate that SHIB ranks among the top traded tokens in India, surpassing more established coins like XRP and ETH. The coin’s popularity extends beyond India, with investors in the UAE considering it as popular as Bitcoin and Ethereum.
Cryptocom Introduces Shiba Inu Trading Pair with SHIB in the Spotlight!https://t.co/cNky3wuEEQ
— THE BLOCKOPEDIA (@theblockopedia_) January 3, 2024
In the last 24 hours alone, SHIB trading pairs across various exchanges recorded a trading volume of $163 million, securing its position as the 61st highest in the crypto market. Key exchanges such as Binance and Coinbase contributed significantly to this volume, with others like OKX, Kucoin, and Gate.io also playing a role.
To Conclude
This move is part of exchanges’ efforts to capture a share of the increasing trading volume of SHIB. The addition of CORGIAI, a community-focused AI project, as a partner enhances the trading options.
Concurrently, Crypto.com has also launched a DOGE/CORGIAI trading pair, reflecting the broader trend of exchanges expanding support for popular meme coins. Shiba Inu has notably emerged as a leading choice in the market, boasting substantial trading activity and market capitalization, even outpacing more established coins like XRP and ETH in certain regions.
