Kris Marszalek, the CEO and co-founder of the Singapore-based crypto exchange Crypto.com, has expressed his appreciation to the Shiba Inu (SHIB) community for their backing.
Crypto.com recently revealed the addition of BONE, which is the governance token for ShibaSwap’s DEX, and a gas token for Shibarium’s upcoming layer-2 network.
Marszalek expressed his gratitude in a tweet today, echoing the official BONE listing announcement. This sparked an outpouring of elation from Shiba Inu supporters, who thanked the exchange for their progress.
After the statement was released, clients can now exchange the token on the platform with a choice to buy the asset utilizing fiat money directly. Just 7 hours after Crypto.com expressed backing for the asset, exchanging volume has risen to $17.98 million at present, demonstrating a noteworthy spike in interest.
Marszalek expressing appreciation for the SHIB community is not unexpected, as there are several signs that Crypto.com has a large number of Shiba Inu investors. Last November, Crypto.com’s reserves showed that the platform had around $558 million in SHIB, which was more than its Ethereum (ETH) assets.
On February 28th, Shiba Inu reportedly surpassed USDC in the reserves of Crypto.com, as the amount of SHIB that the exchange had acquired had risen to $677 million. As a result, Shiba Inu now makes up almost 18% of Crypto.com’s entire reserves, putting it behind Bitcoin and ETH as the third largest single asset.
