- Effective on January 7th, SHIB may be traded against the USDT stablecoin.
- SHIB/USDT trading pair on Binance continues to have significant trading volumes.
TeraExchange, a centralized cryptocurrency exchange, recently stated on Twitter that it has added support for Shiba Inu. Moreover, the post highlighted the platform’s enthusiasm for making one of the most popular meme currencies accessible for trade on the centralized platform.
In the release, it was stated that effective on January 7th, SHIB may be traded against the USDT stablecoin. As an added bonus, this is one of TeraExchange’s first investment options with meme coins.
Boost For SHIB Army
Furthermore, the dedication and commitment of the Shiba Inu community cannot be overstated. There is a dedicated group of people behind the meme currency known as the SHIB Army, and they are working hard to increase the token’s use.
The listing of Shiba Inu on the centralized cryptocurrency market TeraExchange is a huge step forward for these initiatives today. In addition, SHIB joins Bitcoin, XRP, Cardano, Ethereum, and other cryptocurrencies in its expanding roster of spot trading assets.
The Terareum ecosystem is home to a new endeavor called TeraExchange. Included in this group are Terapay, Terapool, and the Terareum blockchain.
Moreover, reports of insufficient liquidity led to the removal of the SHIB/GBP pair on the world’s biggest cryptocurrency exchange, Binance. Nonetheless, the market still offers additional pairings for SHIB traders, and the currency may be found on a wide variety of trading platforms.
Alternately, the SHIB/USDT trading pair on Binance continues to have significant trading volumes, reaching $30.5 million. In addition, with a market worth of approximately $4.5 billion, Shiba Inu maintains its position as the sixteenth biggest cryptocurrency.
Source: https://thenewscrypto.com/centralized-crypto-exchange-teraexchange-lists-shiba-inu-shib/