OKX Platform Adds 10 New Trading Pairs With USDC

OKX announced that SHIB DOGE and ADA pairs are now live on the platform and more pairs with USDC will be added
OKX Platform Adds 10 New Trading Pairs With USDC
OKX Platform Adds 10 New Trading Pairs With USDC

OKX Platform New Meme Coin Pairs Launched

OKX platform, which used to be called Okex, has announced that it has added 10 new trading pairs, including USDC, the second-largest stablecoin backed by dollars.

OKX is one of the exchanges where the most money changes hands. In 2021, it left China along with other crypto exchanges after the country banned cryptos again. This time, trading and mining were banned.

SHIB, DOGE, Cardano’s ADA, APE, the troubled LUNA, and other crypto coins will be traded against USDC.

Five more pairs were added, including SHIB/USDC, DOGE/USDC, ADA/USDC, APE/USDC, and LUNA/USDC.

Before, you could already trade the same cryptocurrencies for USDT, BTC, and so on. So, this is the second time that Shiba Inus have been traded on this exchange.

Already, DOGE was paired with USDT, BTC, and ETH.

This month, three other top digital exchanges, Binance, Poloniex, and Rain, all added SHIB-base pairs, making it the best place to trade cryptocurrencies in the Middle East.

Poloniex Now Pair SHIB With USDD

Poloniex, a leading cryptocurrency exchange, has announced that its users can now trade Shiba Inu against Tron’s native stablecoin, USDD.

— Poloniex Exchange (@Poloniex) May 19, 2022

Poloniex, which was created in January 2014, enables spot and margin trading as well as leveraged tokens.

Poloniex is one of the first exchanges to list its initial Shiba Inu pair with Tether, the flagship dollar-pegged cryptocurrency, in April 2021. SHIB/USDC was also listed in November.

SHIB Falls Behind USDC In Whales’ Pockets

On the home page of the WhaleStats website, which keeps track of the 100 largest wallets on several blockchains, including ETH and BNB Chain, it says that the top Ethereum investors hold $588,788,065 worth of SHIB. This is 12.16 percent of what they have invested.

Image via WhaleStats

As for USDC, it comes before SHIB and after FTX Token. So, the 100 biggest Ethereum whales hold $845,873,722 worth of this stablecoin, which is 17.48% of their total portfolio.

Even with these numbers against USDC, WhaleStats says that around 20,000 more people have bought SHIB since the end of April.

According to CoinMarketCap, as of this writing, SHIB, the second-largest meme token by market capitalization value, is being traded for $0.00001252. This is an increase of 4.53 percent over the last 24 hours.