Shiba Inu To List On DeFi Exchange Parex On April 20

The Parex decentralized exchange has announced that it will begin trading Shiba Inu tomorrow, April 20
Shiba inu To List On DeFi Exchange Parex On April 20
Shiba Inu To List On DeFi Exchange Parex On April 20

Another Trading Platform List For Shiba Inu

The Parex decentralized exchange has announced that it will begin trading Shiba Inu tomorrow, April 20.

The Parex exchange announced two days ago that it will begin accepting Shiba Inu deposits and trading on its platform on April 20. The meme token will be exchanged for USDT.

Several other exchanges around the world have added support for the meme cryptocurrency. Parex, on the other hand, is a decentralized cryptocurrency exchange.

Decentralized platforms enable transactions to take place securely using peer-to-peer technology without the need for a third party to act as an intermediary.

— Parex Exchange 🔰 (@parexmarket) April 17, 2022

According to Bloomberg, the launch of Parex was announced on March 23. The DRC-16 protocol was used to launch it on the myDexChain network.

The platform differs from other exchanges in that it includes a mineable PRX token that operates on the Proof-of-Interoperability protocol.

The latter ensures that PRX can connect to other blockchains such as Ethereum, Polygon, Polkadot, and others.

Shiba Token Listed By Robinhood

VALR, a South African digital exchange, has listed Shiba Inu. Furthermore, the much-anticipated listing of the canine token by the Robinhood trading app has finally occurred, as reported by Coinscreed.

On April 12, Robinhood added Shiba Inu, along with three other popular altcoins: Polygon’s MATIC, Compound (COMP), and Solana (SOL).

The price increased by more than 20% as a result of this event. Nonetheless, it fell short of the all-time high of $0.00008845 set in October. As of this writing, the token is trading at $0.00002513, which is 71.51 percent less than its historical price.