OKX exchange has added new pairs to trade Shiba Inu, Dogecoin, ADA and seven other digital currencies
The OKX platform, formerly known as Okex, has announced that it has added 10 new trading pairs, featuring the second-largest dollar-backed stablecoin, USDC.
Among the crypto coins that will be trading against USDC are SHIB, DOGE, Cardano’s ADA, APE, embattled LUNA and others.
OKX is among the exchanges with the highest trading volume. In 2021, it followed other crypto exchanges in their exodus from China after the country announced another crypto ban; this time trade and mining were hit.
New meme coin pairs are launched
As part of supporting the development of the USDC ecosystem, major crypto platform OKX, CEO Jay Hao, announced the addition of more pairs based on the second largest USD-backed stablecoin.
In particular, SHIB/USDC, DOGE/USDC, ADA/USDC, APE/USDC, LUNA/USDC have been added, along with five other pairs.
Previously, the same cryptocurrencies were already available to trade against USDT, BTC, etc. Thus, for Shiba Inu, this is already the second trading pair on this exchange.
DOGE was already paired with USDT, BTC and ETH.
Earlier this month, three other top digital exchanges launched SHIB-based pairs—Binance, Poloniex and Rain—the leading crypto trading venue in the Middle East.
SHIB lags USDC in pockets of whales
The homepage of the WhaleStats website, which tracks the top 100 wallets across multiple blockchains including ETH and BNB Chain, conveys the message that the amount of SHIB held by top Ethereum investors is rising. at $588,788,065. This represents 12.16% of their portfolio.
As for USDC, it comes before SHIB and after FTX Token. Therefore, the 100 biggest Ethereum whales are storing $845,873,722 worth of this stablecoin—17.48% of their comprised portfolio.
Even with those numbers versus USDC, SHIB has added about 20,000 new holders since late April, according to WhaleStats.
As of this writing, the second largest meme token by market capitalization value, SHIB, is changing hands at $0.00001252, showing 4.53% growth over the past 24 hours, according to CoinMarketCap.
