OKX Exchange Adds New Pairs for Trading Shiba Inu, Dogecoin, ADA and Seven Other Digital Currencies
content
- New meme coin pairs are launched
- SHIB lags behind USDC in whale’s pocket
The OKEx platform, formerly known as OKEx, has announced that it has added 10 new trading pairs, along with the second largest dollar-backed stablecoin, USDC.
Crypto coins that trade against USDC include SHIB, DOGE, Cardano’s ADA, APE, entangled LUNA and others.
OKX is one of 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 affected.
New meme coin pairs are launched
As part of supporting the growth of the USDC ecosystem, leading crypto platform OKEx, CEO Jay Hao announced the addition of more pairs based on the second largest USD-backed stablecoin.
Specifically, SHIB/USDC, DOGE/USDC, ADA/USDC, APE/USDC, LUNA/USDC, along with five other pairs were added.
Previously, the same cryptocurrency was already available to trade against USDT, BTC, etc. Thus, for Shiba Inu, it 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 Ren—the leading crypto trading venue in the Middle East.
New in: 1️⃣0️⃣ #USDC Spot trading pairs now listed @okx,
Luna @terra_money
Solo @solana
Doge @dogecoin
Phil @filecoin
dot @polka dot
Close @NEARProtocol
ape @apecoin
AVAX @avalancheavax
ada @ cardano
shib @ShibtokenDo business now ️
— okx (@okx) 23 May 2022
SHIB lags behind USDC in whale’s pocket
The home page of the WhaleStats website, which tracks the 100 largest wallets on multiple blockchains, including the ETH and BNB chains, spreads that the amount of SHIB held by top investors in Ethereum is $588,788,065. This is 12.16% of his portfolio.
For USDC, it comes before SHIB and after FTX token. Therefore, the 100 largest Ethereum whales are storing $845,873,722 in value for this stablecoin – 17.48% of their included portfolio.
Despite these figures relative to USDC, SHIB has added nearly 20,000 new holders since the end of April, according to WhaleStats.
At the time of writing, according to CoinMarketCap, the second largest meme token by market capitalization value, SHIB, is changing hands at $0.00001252, representing an increase of 4.53% over the past 24 hours.