Bybit, a leading cryptocurrency exchange, has introduced a new trading pair for Shiba Inu (SHIB) with the Euro (EUR), aiming to expand trading options for SHIB investors. The announcement was made on X, and Bybit plans to list 12 new EUR pairs against various cryptocurrencies in the spot market. The exchange has already added support for trading pairs such as Shiba Inu with Pepe, Near Protocol, and dogwifhat.
The introduction of the SHIB/EUR pair has led to a spike of 54.95%, with Shiba Inu currently trading for €0.00001534. Although it initially reached a peak of €0.00001572, it has since corrected to the current level. Within five hours of listing, the pair has already achieved a trading volume exceeding 511.2 million SHIB.
Bybit now supports three Shiba Inu trading pairs on the spot market, including SHIB/USDT and SHIB/USDC. Additionally, the exchange provides its customers with exposure to SHIB1000USDT and SHIB1000USDC perpetual futures trading pairs. The SHIB/USDT trading pair on Bybit commands 1.97% of the global Shiba Inu trading volume, with a 24-hour trade volume of $10.14 million.
Bybit initially listed Shiba Inu in December 2021, following its all-time high. Since then, the platform has expanded its support for SHIB and introduced campaigns to encourage engagement. In August 2022, the SHIB/USDC pair was introduced. Bybit also integrated Google Pay in April, allowing investors to purchase assets like SHIB with their Google Pay accounts. Currently, Bybit holds 2.26 trillion SHIB worth $36.38 million in its Proof of Reserve (PoR).
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