• Shiba Inu can now be traded on one of the world’s largest exchanges on a spot basis

  • Bybit, a cryptocurrency derivatives exchange based in Singapore, has announced that Shiba Inu is now available for spot trading.

    Prior to that, in October, it added the SHIB1000/USDT derivatives pair, allowing users to trade the meme cryptocurrency with up to 25x leverage while using Tether stablecoin as collateral.

    Bybit initially supported spot trading for four cryptocurrencies in July (Bitcoin, Ethereum, XRP and EOS).

    Due to regulatory constraints, traders from the United States, mainland China, Singapore, Iran, and a few other countries are not permitted to use the service.

    During the same month, the Ontario Securities Commission warned the exchange not to offer derivatives products in Canada’s largest province.

    By Bitcoin futures open interest, Bybit is the fourth-largest cryptocurrency exchange (behind only Binance, CME Group and FTX).

    In other news, Shiba Inu has recently been listed on Brazil’s largest cryptocurrency exchange.

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