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Shiba Inu: Turkish Exchange Lists $SHIB, Helping It To Surge to New All-Time High

Istanbul-based crypto exchange Paribu has listed Shiba Inu ($SHIB), thereby helping the meme-based cryptocurrency to surge to a new all-time high price.

This is how Coinbase described the $SHIB token when it announced on June 15 that it was listing the extremely popular cryptocurrency on Coinbase Pro:

“Shiba Inu (SHIB) is a token that aspires to be an Ethereum-based alternative to Dogecoin (DOGE), the popular memecoin. Unlike Bitcoin, which is designed to be scarce, SHIB is intentionally abundant — with a circulating supply of one quadrillion. The Shiba Inu Token ecosystem supports projects such as an NFT art incubator and the development of a decentralized exchange called Shibaswap.“

However, as one $SHIB HODLer pointed out on October 22, $SHIB is more than just another meme-based cryptocurrency:

$SHIB is a meme coin with a functional DEX, staking and liquidity pools, NFT marketplace, upcoming layer 2 blockchain shibarium and many more planned utilities. 🐶#SHIBARMY #Crypto https://t.co/ljk4WhtZMm

— Shib Keeper (@shib_keeper) October 22, 2021

Anyway, here is how the Shib Inu team announced the Paribu news on Twitter yesterday (October 26):

The #ShibArmy community has a very strong presence in #Turkey. That’s why we are happy to know that an important exchange is offering trading alternatives for our $SHIB holders there!
https://t.co/1sA9Ec90fm

— Shib (@Shibtoken) October 26, 2021

Paribu, which was launched on 14 February 2017, is one of Turkey’s most popular crypto exchanges, and it has around five million users.

In a blog post published yesterday, “Turkey’s highest-volume cryptocurrency trading platform(“with an average daily transaction volume of 600 million dollars”) announced that it had listed Shiba Inu.

Screenshot From Landing Page of Paribu (As of 7:15 a.m. UTC on 27 Oct 2021)

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

Image Credit

Featured Image by “smuldur” via Pixabay

   

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