• Crypto.com adds BONE/SHIB pair
• SHIB retests key resistance
• Published: April 6, 2023 │ 2:00 PM GMT
Crypto.com Lists Bone ShibaSwap (BONE)
In March 2023, Crypto.com listed the Bone ShibaSwap (BONE) trading pair on its platform. This listing is seen as a major development in the cryptocurrency space, as it will allow users to easily trade these two tokens on the Crypto.com platform.
SHIB Retests Key Resistance
The listing of BONE/SHIB is also expected to help SHIB retest key resistance levels that it has been struggling against for some time. With increased liquidity and more traders interested in trading this pair, it will be easier for SHIB holders to move their tokens around and take advantage of market opportunities.
Impact On The Cryptocurrency Market
The listing of BONE/SHIB will have an impact on both the Bone and ShibaSwap tokens, as they can now be traded directly against each other without having to go through other exchanges or trading platforms. This could lead to more price discovery opportunities for both tokens and bring further liquidity into the market.
Increased Liquidity For Both Tokens
The addition of BONE/SHIB to Crypto.com’s platform can potentially increase liquidity for both tokens by allowing more traders to enter the respective markets with ease. This could create more volume and volatility in these markets which could benefit both short-term and long-term investors alike.
Availability Of New Trading Opportunities
This pairing could also open up new trading opportunities for those who are looking to capitalize on arbitrage opportunities between exchanges or even just make use of different order types that might not be available on other platforms like spot markets or limit orders offered by Crypto.com itself.