thecryptobasic.com
The development comes after the exchange announced the listing of Bone ShibaSwap (BONE).
Kris Marszalek, CEO and co-founder of Singapore-based crypto exchange Crypto.com, has expressed gratitude to the Shiba Inu ($SHIB) community for their support.
It came after Crypto.com announced the listing of BONE, the governance token for the ShibaSwap decentralized exchange, and the gas token for the forthcoming layer-2 network Shibarium.
“Thanks for the support,” Marszalek said in a tweet today, quoting the official BONE listing announcement. The announcement triggered a wave of joy among Shiba Inu proponents, who extended their appreciation to the exchange for the development.
Thanks for the support #Shibarmy 🙏 https://t.co/od0lRghCdt
— Kris | Crypto.com (@kris) March 3, 2023
Following the announcement, users can now trade the token on the platform with an option to purchase the asset with fiat directly. Barely 7 hours after Crypto.com declared support for the asset, trade volume has soared to $17.98 million as of press time, indicating a significant surge of interest.
Marszalek’s gratitude to the $SHIB community comes without surprise, as several indications suggest that Crypto.com is proliferated with Shiba Inu investors. Last November, Crypto.com’s reserves revealed that the exchange held $558 million worth of $SHIB at the time, a value worth more than its Ethereum ($ETH) holdings.
On Feb. 28, Shiba Inu reportedly surpassed USDC in Crypto.com’s reserves, as the exchange’s total $SHIB holdings had increased to $677 million. Consequently, Shiba Inu now accounts for nearly 18% of Crypto.com’s total reserves, making it the third-biggest single holding behind Bitcoin (BTC) and $ETH.