The Parex decentralised exchange announced to start trading of Shiba Inu tokens from April 20.
Shiba Inu trading on Parex exchange
On April 17, the Parex exchange on Twitter announced that it would begin accepting Shiba Inu deposits and trading on its platform on April 20. The pair for the meme token Shiba Inu would be USDT.
$SHIB @Shibtoken
gets listed on #ParexMarket!🔰Pairs: SHIB/USDT
🔰Deposit: 14:00, April 20, 2022 (UTC) (#BEP20)
🔰Trading: 17:00, April 20, 2022 (UTC)#P2E #SHIB #SHIBARMY #DEX pic.twitter.com/J8HMzVuPtX— Parex Exchange 🔰 (@parexmarket) April 17, 2022
Parex decentralised cryptocurrency exchange
The official launching of Parex as a decentralised cryptocurrency exchange was on March 23. The DRC-16 protocol was used to deploy it on the myDexChain network. Decentralized platforms enable crypto transactions to take place securely utilising peer-to-peer technology without the need for a third party to act as an intermediary.
The Parex platform is distinct from other similar exchanges in that it includes a mineable PRX token that operates on the Proof-of-Interoperability protocol. It allows PRX to connect to other blockchains like Ethereum and Polygon.
Shiba Inu was listed by South African digital exchange VALR earlier this month. Aside from that, the canine token SHIB was also listed on the Robinhood trading app. On April 12, Robinhood welcomed Shiba Inu, as well as three more prominent altcoins: Polygon’s MATIC, Solana (SOL), and Compound (COMP).
Due to the announcement of the inclusion of the meme currency on Parex, the SHIB price increased by more than 20%.
