Nexo, a leading cryptocurrency trading platform, has announced its support for Shiba Inu (SHIB). Users can now buy, swap, and send SHIB through the platform, although trading is not available in the United Kingdom at the moment.
The announcement states that Nexo users can purchase SHIB using their bank cards and even borrow other assets against SHIB. Furthermore, users can now send SHIB tokens to other Nexo customers using only their phone numbers or emails.
Additionally, the listing allows customers to swap SHIB for other supported crypto assets, including Bitcoin (BTC), Arbitrum (ARB), Ethereum (ETH), and Litecoin (LTC). Nexo allows the purchase of as little as $1 worth of SHIB. To celebrate the listing, the exchange is offering a 0.5% cashback in crypto rewards when users purchase SHIB using their cards or bank transfers.
This development comes after years of online campaigns by Shiba Inu enthusiasts to convince Nexo to support SHIB. Finally, Nexo has responded to the demands and added support for the token.
Nexo, launched in 2018, is a well-known crypto trading platform with over 6 million users. It supports a wide range of cryptocurrencies, including meme-based tokens like Dogecoin (DOGE) and Bonk (BONK). The platform claims to be licensed in various jurisdictions, including the United States, Canada, Hong Kong, Australia, Italy, Seychelles, Poland, and Lithuania.
Nexo’s support for Shiba Inu adds to the growing list of trading platforms that have listed the token. As of February 2024, Shiba Inu had already been listed on 130 crypto trading platforms, including Binance and Coinbase. The vibrant community behind Shiba Inu played a crucial role in getting these platforms to list SHIB, with online campaigns and petitions being launched to draw attention to the token.
It’s important to note that this article is for informational purposes only and should not be considered financial advice. Readers are encouraged to conduct their own research before making any investment decisions.