- Gate.io platform users may now withdraw Shibaswap (BONE) tokens to any compatible wallet.
- This integration makes Shibarium’s wide range of dApps easier to access.
It has been announced that the crypto exchange Gate.io would integrate with Shibarium, the layer-2 network for Shiba Inu. Shibarium has reached a turning point with the backing of a key figure in the industry.
As a layer 2 solution, Shibarium is working to improve the Shiba Inu ecosystem by making transactions faster and cheaper. In addition, Shibarium transactions burn SHIB, which has the potential to significantly deflate the SHIB and cause its value to soar in the long run.
Eyeing Further Expansion
The recent decision by Gate.io to support Shibarium creates new opportunities for the expanding Shiba Inu network. From the Gate.io platform, users may now withdraw Shibaswap (BONE) tokens to any wallet that is compatible with Shibarium, such as Metamask.
In addition to simplifying things, this integration makes Shibarium’s wide variety of decentralized apps (dApps) easier to access. In spite of initial difficulties, especially in forming alliances with leading exchanges, Shibarium has been gaining traction in the cryptocurrency market. The increasing number of transactions and quick accumulation of funds demonstrate its growing popularity.
Given the cryptocurrency’s large user base of over 1.6M holders, this move is in line with the expectations of the SHIB army, which anticipates wider acceptance by other substantial exchanges.
Similar to other exchanges, like GroveX in Australia, Gate.io sees the prospective of Shibarium. The expanding network of support highlights the commercial attractiveness of Shibarium and its ability to attract major participants in the cryptocurrency exchange space.
This may be the start of Shibarium’s widespread adoption and integration in the industry, given the Shiba Inu team’s persistent pursuit of other integrations.
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Source: https://thenewscrypto.com/crypto-exchange-gate-io-announces-shibarium-integration/