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Top Middle East Crypto Exchange List Shiba Inu As Shib Rebounds 44% From Recent Lows

 


Shiba Inu (SHIB) and two other cryptocurrencies have finally been listed on Rain, a leading Middle Eastern cryptocurrency exchange.



Whenever the world crypto market took a hit, the SHIB community reacted with excitement.



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Rain, the leading Middle Eastern cryptocurrency exchange, has finally added the Shiba Inu coin to its trading platform. The news was announced through a tweet.





The news comes after Shiba Inu's price dropped by more than 31% on Thursday, hitting the most key support level of $0.00000952. Following the news, SHIB prices have risen sharply, and it is currently trading at a 44 percent premium to its previous lows. The canine-themed cryptocurrency is now trading at $0.00001374, with a 24-hour trading volume of $1,678,722,294 ($1.67B) at the time of writing.



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Rain from Bahrain, according to TheCryptoBasic, initially approached the Shiba Inu community in March about the possibility of the SHIB being listed. Without a question, the Shib community responded YES.


Along with the most popular dog-themed cryptocurrency, Wrapped Bitcoin (WBTC) and PAX Gold (PAXG) are now accessible for trading on the fastest-growing crypto exchange.


The SHIB community, particularly those in Bahrain, Kuwait, Oman, Saudi Arabia, and the United Arab Emirates who are devoted to Rain Exchange, were eager to get their hands on SHIB because Rain Exchange is one of the leading exchanges in the Middle East. The platform is also attempting to grow outside the Middle East by offering trade services in other Asian nations.


In the Middle East and North Africa, the Rain exchange has seen unprecedented growth in the crypto market. The Rain exchange celebrated a major milestone in June 2021 when trading volume surpassed USD 1 billion, while the number of registered users on the exchange surpassed 200K at the start of the New Year 2022.


Rain Financial reported the conclusion of a $110 million Series B fundraising led by Paradigm and Kleiner Perkins in January of this year. Coinbase Ventures, Global Founders Capital, MEVP, Cadenza Ventures, JIMCO, and CMT Digital were among the participants. This round of funding will be utilized to pursue new country licenses. It will also aid in the development of its technology platform and the expansion of its workforce. 


Will Shiba Inu reign the world?


Shiba Inu's Rain listing has been much anticipated since the club first hinted at it. Despite the fact that the team did not divulge the listing's actual time and date throughout the chat. "Unfortunately, there is no set date for when Shiba Inu trading will begin."


Rain Exchange is available to residents of Bahrain, Kuwait, Oman, Saudi Arabia, and the United Arab Emirates. The platform also intends to go out outside the Middle East and begin trading in neighboring countries.


Shiba Inu is currently listed and trading in over 185 exchanges, according to CoinMarketCap. Despite the fact that the currency is selling at an 8 percent loss, trade volume has increased by 16 percent.


Shytoshi's unexpected explosive


Shytoshi Kusama, who couldn't contain his delight at the news, spread the word about this large and undiscovered developer's onboarding. "Even I am stunned," Shytoshi said, alluding to the response of SHIB holders to the news.


Shytoshi originally revealed this developer's identity in a Telegram group. Shytoshi said in the group that the person's identity may be exposed the following week or the week after. He indicated that the individual will be announced first. Despite the widespread speculation, Shytoshi maintains that finding the mysterious developer is impossible.

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