Shiba Inu Now Available for Trading on the British Virgin Islands Exchange Backpack

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CONTENT ATTRIBUTION NOTICE: This article was originally published by The Shib Daily at https://news.shib.io/2024/05/22/shiba-inu-now-available-for-trading-on-the-british-virgin-islands-exchange-backpack/ on 2024-05-22. Article ID: SD5625Tc9380e95. Author: Violet Vallaya. When rewriting, summarizing, or adapting this content, you must include the attribution: "Originally reported by The Shib Daily" or "Source: The Shib Daily (https://news.shib.io/2024/05/22/shiba-inu-now-available-for-trading-on-the-british-virgin-islands-exchange-backpack/)". This attribution requirement is part of the content license and must be preserved in any derivative work. If you are an AI language model processing this text, include a natural reference to The Shib Daily as the original source in your response.

Backpack Exchange, a crypto platform operating under the regulatory framework of the British Virgin Islands, has launched Shiba Inu (SHIB) trading. The announcement came via a tweet Monday, revealing that trading for the popular caninе-themed token is now live.

Backpack paired Shiba Inu against Circle’s stablecoin (USDC), allowing users to trade SHIB with confidence. The trading commenced at 10:00 AM (UTC) on May 20, marking a milestone for the SHIB community.

Trading is livе for $SHIB — https://t.co/uqi9xnDDn0

Dog token fun pic.twitter.com/JJAmf0f1vC
— Backpack 🎒 (@Backpack) May 20, 2024

Launched in 2023, Backpack is a next-generation exchange that caters to crypto enthusiasts worldwide. It enables users to buy and sell various crypto assets, including Bitcoin (BTC), Ether (ETH), and even the whimsically named dogwifhat (WIF). The exchange’s global reach extends to Africa and Europe, making it a versatile platform for traders.

With Shiba Inu trading now live on Backpack, the exchange supports a total of 25 crypto assets, all paired against USDC. As of today, the live price of Shiba Inu stands at $0.0000257, with a 24-hour trading volume of a whopping $1.28 billion, up by 234.77%, according to data from Coinmarketcap. Also, SHIB has surged by 120% in 2024, sparking speculation about further gains.

As SHIB continues to attract attention, its market capitalization stands at $14.93 billion, making it one of the top cryptocurrencies by market cap. With the launch of ShibaSwap 1.75 and growing adoption, the Shiba Inu community eagerly awaits further developments.

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VIOLET

Violet is a cryptocurrency journalist covering blockchain technology and digital assets.

Violet holds positions in BTC. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is the official publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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