When Was the Shiba Inu Listed on Crypto.com: A Comprehensive Insight

Introduction:

Shiba Inu, a popular cryptocurrency, has gained significant attention in the crypto market. As a decentralized platform, Crypto.com has become a hub for various digital assets. This article delves into the timeline of Shiba Inu's listing on Crypto.com, offering a detailed analysis of the event.

Section 1: Shiba Inu's Journey

Shiba Inu was introduced to the crypto community in August 2020. Since then, it has experienced remarkable growth, attracting both retail and institutional investors. The Shiba Inu token, represented by the ticker SHIB, has become a symbol of the DeFi movement, emphasizing community-driven development and transparency.

Section 2: Crypto.com's Vision

Crypto.com, founded in 2016, has emerged as a leading cryptocurrency exchange and wallet provider. The platform aims to make the world a better, more equitable, and more convenient place to exchange, pay, and invest in cryptocurrency. With a wide range of features and a user-friendly interface, Crypto.com has gained a substantial user base.

Section 3: The Listing Process

The process of listing a cryptocurrency on an exchange is intricate and involves several steps. Before listing Shiba Inu on Crypto.com, the exchange conducted a thorough analysis of the token, ensuring it meets the required standards for security and compliance.

1. Due Diligence: Crypto.com's compliance team conducted a comprehensive due diligence process to verify the legitimacy and background of Shiba Inu's developers and project.

2. Market Analysis: The exchange analyzed the market trends and the potential impact of listing Shiba Inu on its platform.

3. Listing Committee: A specialized listing committee reviewed the token's technical aspects, market capitalization, liquidity, and community engagement.

4. Community Feedback: Crypto.com sought input from its community regarding the potential listing of Shiba Inu.

Section 4: The Listing Date

After completing the necessary procedures, Crypto.com officially listed Shiba Inu on its platform on November 16, 2021. This marked a significant milestone for both Shiba Inu and Crypto.com, as it allowed users to trade and invest in the token on one of the largest cryptocurrency exchanges.

Section 5: Impact of the Listing

The listing of Shiba Inu on Crypto.com had a substantial impact on the token's market performance. The increased liquidity and exposure led to a surge in trading volume and a significant rise in Shiba Inu's market capitalization.

1. Trading Volume: The listing on Crypto.com resulted in a substantial increase in Shiba Inu's trading volume, making it one of the most traded tokens on the exchange.

2. Market Capitalization: Shiba Inu's market capitalization surged after its listing on Crypto.com, showcasing the token's potential for growth.

3. Community Engagement: The listing on Crypto.com enhanced Shiba Inu's community engagement, attracting more users and investors to the platform.

Section 6: Conclusion

In conclusion, Shiba Inu's listing on Crypto.com on November 16, 2021, marked a significant event for both the token and the exchange. The collaboration between Shiba Inu and Crypto.com has resulted in increased liquidity, exposure, and growth for the token, further establishing its presence in the crypto market.

Additional Questions and Answers:

1. Q: How long did it take for Shiba Inu to reach the top 10 cryptocurrencies by market capitalization after its listing on Crypto.com?

A: Shiba Inu reached the top 10 cryptocurrencies by market capitalization approximately one month after its listing on Crypto.com.

2. Q: Can you explain the difference between a listing and an initial exchange offering (IEO)?

A: A listing refers to the process of adding a cryptocurrency to an exchange's trading platform, allowing users to trade it. An IEO is a fundraising event where a project issues tokens to investors in exchange for fiat or cryptocurrencies.

3. Q: Why did Crypto.com decide to list Shiba Inu?

A: Crypto.com listed Shiba Inu after conducting a thorough due diligence process and analyzing its potential to attract users and contribute to the platform's growth.

4. Q: How has the Shiba Inu community responded to its listing on Crypto.com?

A: The Shiba Inu community has responded positively to its listing on Crypto.com, with many users expressing excitement and gratitude for the opportunity to trade the token on one of the largest exchanges.

5. Q: Are there any upcoming developments for Shiba Inu on Crypto.com?

A: As of now, there are no specific upcoming developments for Shiba Inu on Crypto.com. However, the exchange may continue to support the token by providing liquidity and promoting its growth within the crypto community.