$62.9B Industry Giant to Add Shiba Inu Trading to Their Platform – Can SHIB Eliminate Another Zero and Surge to $0.0001?

Exciting news has emerged from the crypto market as SBI Group, a prominent industry giant valued at $62.9 billion, has announced the addition of Shiba Inu (SHIB) trading to their platform. This development comes alongside two other digital assets, Dai (DAI) and Cosmos (ATOM), making the SBI VC Trade platform a hub for a total of 20 supported cryptocurrencies.

In a tweet, SBI VC Trade exclaimed, “Starting from today, three new assets are available: Shiba Inu (SHIB), Dai (DAI), and Cosmos (ATOM). The total number of supported digital assets on SBI VC Trade has now reached 20!” This expansion demonstrates SBI Group’s commitment to meeting the evolving demands of their customers and providing a diverse range of options for trading and investment.

Looking ahead, SBI VC Trade has outlined plans to introduce leveraged trading for DAI and staking services for ATOM in July. These upcoming services will further enhance the platform’s offerings, providing traders and investors with additional opportunities to engage with these digital assets and potentially maximize their returns.

Dai (DAI), an Ethereum-based and ERC-20 compliant cryptocurrency, aims to maintain a target value of 1 DAI equaling 1 US dollar. In addition to the inclusion of DAI for spot trading, SBI VC Trade intends to introduce leveraged trading services for DAI. Leveraged trading allows traders to utilize both Japanese yen and digital assets held by SBI VC Trade as collateral, enabling them to engage in leveraged trading of DAI.

Cosmos (ATOM), a blockchain project and eco launched by Tendermint, adopts the DPoS (Delegated Proof of Stake) consensus algorithm and offers staking capabilities. As part of the platform’s expansion of supported assets, SBI VC Trade will commence supporting ATOM, providing an opportunity for users to stake their ATOM tokens and participate in block generation and governance, thereby potentially receiving attractive staking rewards.

The addition of Shiba Inu (SHIB), Dai (DAI), and Cosmos (ATOM) to the SBI VC Trade platform not only expands the range of available assets but also highlights the platform’s commitment to catering to the diverse needs of its users. With the upcoming introduction of leveraged trading for DAI and staking services for ATOM, SBI VC Trade aims to enhance the trading experience and offer new avenues for potential gains.