Fans of the famous cryptocurrency inspired by memes, Shiba Inu (SHIB), now have even more reason to rejoice as it has been listed on Backpack, one of the trendiest exchanges right now. The announcement, which was made public in a post from the Shiba Inu X account, is a big step forward for the cryptocurrency and makes it more accessible to traders and investors.
On the strength of blockchain’s resurgence in 2024, Backpack, a nascent centralised cryptocurrency exchange centred on the Solana ecosystem, was introduced. With licences to operate in important locations including the UAE, U.K., and other European nations, the exchange has swiftly emerged as a major participant in the cryptocurrency exchange market. It has also hosted several substantial prizes.
https://x.com/Shibtoken/status/1793234579353915580
Connecting the exchange to Solana’s expanding ecosystem has paid well, drawing large investment and fostering the platform’s expansion. As of this now, the Backpack exchange has $126.24 million in deposits. SHIB’s placement on the list, which has less than 20 cryptocurrencies included, is evidence of the token’s popularity and broad use.
Backpack’s listing is a huge step forward for Shiba Inu fans, since it offers a further means of obtaining and exchanging the meme symbol. By making the Shiba Inu token more accessible to supporters of the Solana ecosystem, this action not only expands the token’s supply but also solidifies its position as a major participant in the cryptocurrency market.
