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Academy Press Room Article
Listing OKEx

OKEx becomes first major exchange to list Shiba Inu’s SHIB token

2021.05.10 OKEx Public Relations

Seychelles, May 10, 2021 — OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, is pleased to announce the listing of SHIB, the first native crypto asset of the Shiba Inu network. Deposits of SHIB opened over the weekend, and the token can now be traded against USDT on the OKEx spot and perpetual swap markets. Withdrawals opened at 10:00 am UTC on May 10.

SHIB, also known as a "meme coin," has emerged as a top 30 cryptocurrency by market capitalization, according to CoinMarketCap. Dubbed the "Dogecoin killer," SHIB is an ERC-20 token that started as an experiment to create a spontaneous decentralized community. With the goal to ensure a fair distribution of tokens, the founders put away 50% of the total SHIB supply in Uniswap, while the rest were burned in honor of Vitalik Buterin, one of the co-founders of Ethereum. SHIB is the first cryptocurrency token to be listed and incentivized on ShibaSwap — the Shiba Inu project's own decentralized exchange. 

"We are pleased to welcome Shiba Inu to the OKEx platform. I appreciate their experimental spirit, which is exactly what the blockchain and crypto space needs. As an exchange, we are delighted to be able to offer a diverse portfolio of cryptocurrencies, including memetic tokens, to allow a comprehensive investment experience for our valued customers. The Shiba Inu community has been gaining strong momentum from the weekend deposits, and we look forward to witnessing its robust development. We are happy to be the first major exchange to offer SHIB to open the crypto gateway to these enthusiasts," said OKEx CEO Jay Hao.

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About OKEx

OKEx is a world-leading cryptocurrency spot and derivatives exchange that offers some of the most diverse and sophisticated products, solutions and trading tools on the market. Trusted by millions of users globally, we believe that cryptocurrency will reshape our money and society, enabling all people to live with dignity and freedom. With our extensive range of crypto products and services, and our unwavering commitment to innovation, our mission is to promote and advance cryptocurrency globally — and empower every individual on earth.

Media contact

Vivien Choi
Email: media@okex.com
Telegram: @vivienchoi

Andrea Leung 
Telegram: @andrea_414

Follow OKEx

Twitter: https://twitter.com/OKEx
Facebook: https://www.facebook.com/okexofficial/
LinkedIn: https://www.linkedin.com/company/okex/
Medium: https://medium.com/@OKEx
Telegram: https://t.me/OKExOfficial_English

Disclaimer: This material should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions. Trading digital assets involve significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.

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