Introduction:
Shido Global, a decentralized exchange (DEX) has listed Shiba Inu (SHIB) on its platform. This move is significant as Shiba Inu is a popular meme-based cryptocurrency that has gained significant attention in the crypto market. This article will discuss the steps taken by Shido Global to list Shiba Inu on its platform and what this means for the cryptocurrency market.
Step 1: Shido Global’s decision to list Shiba Inu
Shido Global’s decision to list Shiba Inu on its platform was driven by the popularity of the cryptocurrency and its growing demand among traders. The exchange aims to provide its users with access to a wider range of assets, including those with high market demand. Shiba Inu is a well-known and highly traded cryptocurrency that has attracted a large following, making it a natural choice for Shido Global.
Step 2: The technical process of listing Shiba Inu
Listing a cryptocurrency on a DEX involves a technical process that ensures that the cryptocurrency is compatible with the platform. This process includes developing a smart contract that allows users to trade the cryptocurrency on the platform. Shido Global’s technical team worked with the Shiba Inu development team to ensure that the integration of SHIB into the platform was seamless.
Step 3: Advantages of Shiba Inu listing on Shido Global
Listing on Shido Global offers several advantages for Shiba Inu and its holders. Firstly, Shiba Inu will be accessible to more traders, increasing its liquidity and demand. Secondly, the decentralized nature of the platform ensures that traders have complete control over their assets and can trade without any central authority. This makes the trading experience more secure and transparent.
Step 4: The impact on the cryptocurrency market
The listing of Shiba Inu on Shido Global is significant for the cryptocurrency market. Shiba Inu has gained significant attention in recent months and has established a strong community of followers. The listing on Shido Global provides Shiba Inu with greater exposure, which could lead to an increase in demand and price. It also indicates the growing acceptance of meme-based cryptocurrencies in the mainstream crypto market.
Step 5: Shido Global’s future plans
Shido Global has been rapidly expanding its offerings, providing its users with access to a wider range of assets. The exchange aims to continue to add new assets to its platform, including other meme-based cryptocurrencies. This will provide traders with more options, making the exchange more attractive to a wider range of users.
Conclusion:
The listing of Shiba Inu on Shido Global is a significant development in the cryptocurrency market. The move provides greater exposure to SHIB and increases its liquidity, which could lead to an increase in demand and price. Shido Global’s decision to list Shiba Inu is a testament to the cryptocurrency’s growing popularity and acceptance in the mainstream crypto market. It also highlights the importance of DEXs in providing traders with access to a wider range of assets, including meme-based cryptocurrencies. Shido Global’s future plans to add more assets to its platform are a positive development for the crypto market and its users.