The centralized exchange BlueBit has announced its integration with Shibarium, the Layer 2 blockchain of the Shiba Inu ecosystem. This strategic development enables users to deposit and withdraw SHIB, LEASH, and BONE tokens through Shibarium, marking a notable expansion in BlueBit’s crypto asset support.
BlueBit, a prominent name in the crypto exchange arena, has recently integrated Shibarium, enhancing its service offerings. Launched in March 2022, BlueBit is headquartered in Saint Vincent and the Grenadines and has since supported a diverse range of over 100 cryptocurrencies, including BTC, ETH, XRP, and ADA. With the addition of Shibarium, the exchange aims to provide a more efficient and seamless experience for users transacting with SHIB, LEASH, and BONE – the primary tokens of the Shiba Inu ecosystem.
This integration is anticipated to strengthen the connection between the Shiba Inu and BlueSparrow communities. As per BlueBit’s Chief Operating Officer, Terri Bennett, this step is considered “the best news” for the exchange and its users, reflecting a sense of pride in BlueBit’s achievements.
The Shiba Inu’s official handle also acknowledged this development, expressing gratitude towards BlueBit for its support. This collaboration is expected to set the stage for future advancements and foster a robust relationship between these digital asset communities.
Shibarium, gaining momentum in the crypto world, has seen a significant increase in user activity, with total transactions reaching 412.2 million. Although there has been a recent dip in daily transactions, the network maintains a robust activity level. As of the latest data, Shibarium boasts 1.38 million wallet addresses and has minted approximately 3.81 million blocks, according to Shibariumscan. This growing adoption and integration with exchanges like BlueBit are indicative of Shibarium’s potential impact on the wider cryptocurrency market.
