Crypto.com Exchange Lists BONE, the Governance Token for ShibaSwap

• Crypto.com has added the BONE/USD trading pair to its platform.
• BONE is a newly created altcoin proposed for fee payment on Shibarium.
• BONE has benefited from a positive market sentiment since the beginning of 2023.

Crypto.com, a U.S.-based cryptocurrency exchange, has announced the listing of BONE, the governance token for ShibaSwap, on its platform. In a Twitter post confirming the listing, Crypto.com let its users know they could immediately trade the BONE/USD pair on its platform.

BONE is a newly created altcoin proposed for fee payment on Shibarium, the upcoming Layer 2 protocol for the Shiba Inu ecosystem. It is a multifunctional token that will fuel operations on ShibaSwap decentralized finance (DeFi), and the decentralized exchange (DEX) for the Shiba Inu ecosystem.

Shibarium is one of the most anticipated blockchain releases in 2023. It is a protocol expected to allow developers to build scalable apps. They can also explore the arriving blockchain to build custom tokens that will be available for the Shiba Inu community.

The release date for Shibarium has been a subject of speculation. However, the project’s lead developer going by the pseudonymous identity Shytoshi Kusama insists there is no definite launch date. According to him, not disclosing a specific date is to avoid disappointments due to potential delays.

BONE has benefited from a positive market sentiment since the beginning of 2023. The token price has risen by almost 90% since January 2023, 28% of which happened in February. Coinmarketcap data shows that the novel crypto trades at $1.65 as of the time of writing, reflecting a 24-hour drop of 4.38%.

Most responders under the tweet by Crypto.com showed excitement over the news. Some believe it will improve the existing positive sentiment for the token and could reflect in rising prices ahead of the Shibarium launch.