On May 23, the Seychelles-based cryptocurrency exchange OKX platform, previously known as Okex, announced on Twitter the addition of 10 new trading pairs, including the second biggest dollar-backed stablecoin, USDC. The company offers a trading platform for different products such as spot and derivative. Spot and derivative trading are two of the exchange’s main features.
SHIB, DOGE, Cardano’s ADA, APE, the controversial LUNA, and other crypto currencies will trade against USDC.
OKX is one of the most active exchanges in terms of trading volume. In 2021, it joined other crypto exchanges in leaving China as the authorities imposed yet another crypto ban, this time on trading and mining.
As part of its efforts to the growth of the USDC ecosystem, CEO Jay Hao of leading crypto platform OKX announced the addition of more pairings based on the second largest USD-backed stablecoin.
SHIB/USDC, DOGE/USDC, ADA/USDC, APE/USDC,LUNA/USDC, SOL/USDC, FIL DOT/USDC, NEAR/USDC, AVAX/USDC were added.
Previously, the same cryptocurrencies could be traded against USDT, BTC, and so on. As a result, Shiba Inu is already the second trading pair on this exchange.
DOGE was formerly paired with USDT, BTC, and ETH.
Binance, Poloniex, and Rain, the main crypto trading site in the Middle East, all offered SHIB-based pairings earlier this month.
