Shiba Inu (SHIB), the canine-themed cryptocurrency phenomenon, has reached a new milestone with its listing on Nexo, a leading global crypto exchange.
This significant development, unveiled on X, marks a pivotal moment for SHIB, broadening its reach and accessibility to a more extensive investor audience.
Investors now have the convenience of purchasing SHIB directly with their debit or credit cards, bypassing the need for intricate transfer processes.
Nexo‘s platform now allows users a broad spectrum of functionalities with their SHIB holdings.
Investors have the convenience of purchasing SHIB directly with their debit or credit cards, bypassing the need for intricate transfer processes.
Furthermore, the platform offers the innovative option to use SHIB as collateral for borrowing other cryptocurrencies, thereby enhancing financial versatility for its users.
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A noteworthy feature of Nexo is the ability for users to transfer SHIB tokens to others using just phone numbers or email addresses, simplifying the process of sending SHIB to fellow Nexo account owners.
Additionally, Nexo supports swapping SHIB for a range of established cryptocurrencies like Bitcoin (BTC), Arbitrum (ARB), Ethereum (ETH), and Litecoin (LTC), serving investors with varied trading preferences.
To celebrate the SHIB listing, Nexo introduced a promotional offer of 0.5% cashback in crypto rewards on all SHIB purchases made through card or bank transfers, encouraging participation and investment through the platform.
The SHIB community played a crucial role in achieving this listing through persistent advocacy efforts.
Initiatives included a Change.org petition advocating for SHIB’s listing on Nexo, which attracted over 142 votes, showcasing the influential power of community-driven campaigns in the cryptocurrency sector.
Since its inception in 2018, Nexo has established itself as a trusted name in the cryptocurrency exchange market, servicing over 6 million users worldwide.
The platform’s extensive array of services and support for over 75 crypto assets underscore Nexo’s dedication to aligning with industry trends.
With regulatory licenses in multiple key markets, including the U.S., Canada, and the EU, Nexo demonstrates its commitment to compliance and security standards.
The inclusion of SHIB on Nexo adds to its growing presence on over 130 cryptocurrency exchange platforms, a testament to the enduring support and advocacy from the SHIB community.
Lucie, the marketing lead for Shiba Inu, attributed this success to the community’s strategic online campaigns and petitions, highlighting the significant influence of dedicated supporters in promoting the token’s adoption and recognition.
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In conclusion, the listing of Shiba Inu on Nexo represents a notable advancement for the meme-inspired cryptocurrency, enhancing its visibility and adoption among investors.
This development reflects the expanding acknowledgment of SHIB in the wider cryptocurrency landscape, positioning it for ongoing growth and integration.
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Source: https://bitcoinworld.co.in/shiba-inu-is-now-listed-on-nexo-crypto-exchange-to-expand-reach/