Crypto.com, a digital exchange based in Singapore, is a one-stop shop with various products and services for crypto transactions. The exchange, founded in 2016, is one of the oldest platforms with a good reputation in the industry.
Crypto.com has expanded its significance with a significant holding of the Bone ShibaSwap token in recent developments. It is currently among the top 10 holders of BONE, the Shiba Inu Governance token.
Crypto.Com Claims 10 Positions As Largest BONE Holder
according to data from the blockchain explorer and analytics platform, Etherscan.io., the BONE Crypto.com wallet recorded an incredible increase recently. Since March 2nd, the wallet has accumulated more than 2.16 million BONEs worth more than $2.66 million.
After this increase, Crypto.com has become the 10th largest holder of BONE, the Shiba Inu government token. It follows another exchange in Singapore, MEXC Global, in the ranking of BONE holders.
Related reading: Bitcoin Price Will Reach $50,000 Within A Year, This Economist Says
The anonymous wallet took first place, holding more than 32.8 million BONE worth $40.4 million. The second position to the wallet, ‘Mexc.com 3’, is linked to the MEXC Global exchange. It contains up to 18.51 million BONE tokens worth more than $22.77 million.
Bone ShibaSwap is a new decentralized exchange (DEX) operating in the Shiba ecosystem. DEX supports token swaps for users and other packages in DeFi opportunities. This includes staking, liquidity provision, and farm results. Thus, users can easily exchange tokens without going through an intermediary.
Crypto.com Supports BONE Recognition Boosts
Crypto.com declare a new innovative move involving the Bone ShibaSwap token. The digital asset exchange enables BONE deposits and withdrawals through the Cronos app. Additionally, the newly created Crypto.com wallet is the 4th most popular Shiba Inu (SHIB) holder.
In early March, Crypto.com registered Bone ShibaSwap (BONE) along with 250+ other digital assets on the platform. According to the listing, the digital asset exchange allows trading pairs of BONE and USD on its platform.
The list is a shining bright for Bone ShibaSwap as a token received more attention and hype. Also, the token makes the top 100 digital currencies in terms of market cap. However, BONE has lost a good portion of its value since then.
according to data from CoinMarketCap, BONE is currently ranked as the 133rd largest digital asset with a market cap of $270 million.
At the time of writing, BONE is trading at around $1.16, representing a 54% decline over the past 24 hours. When Shiba Inu trades in the green zone, it registered significant gains in the previous few weeks.
Options images from Crypto.com and charts from Tradingview.com