According to an announcement made by VALR on their official twitter, the exchange revealed about the exciting launch of $SHIB on their platform, with the release to be held in multiple stages.
South African cryptocurrency exchange, VALR recently revealed about the listing of $SHIB on its platform, mentioning that “trading will roll out” in a series of four stages respectively. VALR also provided an additional link to their blog website for those interested.
About VALR
Crypto exchange VALR was introduced back in 2019 and is now currently supporting more than 250,000 unique retail users, mostly located in the region of South Africa, while also collaborating with more than 500 institutional clients.
Successful Funding
VALR hosted a Series B equity-based funding event, which was mostly dominated by Panthera Capital, with other generous contributors consisting of firms such as, Alameda Research, Coinbase and many others, leading to a total collection of $50Million in funds. Utilizing the collected funds, the exchange is working hard to expand its reach towards more international countries and markets outside of Africa.
SHIB Impressive Listings
Meme Coin Shiba Inu recently posted on their blog site, with the title of the post being, “Fetching New Grounds! A Growth Breed Report”. The report highlighted the years progress of SHIB in the global market, mentioning that the asset has managed to gain a listing on more than a hundred cryptocurrency exchanges around the world, which includes many globally recognized exchanges such as Coinbase, Binance, KuCoin, Huobi and a couple of others.
Price Recovery and Transaction Growth
The report also mentioned that Shiba Inu was shining bright among the largest value gainers in the crypto market on Tuesday, because of the recent addition of the asset into the list on Robinhood. After experiencing a profit drop of around 35%, the meme coin managed to strike back, boosting to a profit percentage of around 43%. At the time of writing the value of the meme coin stood at $0.00002641 with a growth rate of 2.51%, recorded respectively by popular market tracking site, CoinMarketCap.
According to data shared by IntoTheBlock, SHIB Whales have also been making a massive number of transactions. The last recorded percentage increase in large transactions was revealed to be more than 500%, with a movement of more than $100,000 showing the significant popularity that this coin has managed to develop.
