The decentralized ShibaSwap exchange opened today, which will allow Shiba Inu users to trade between other cryptocurrency tokens.

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The official Twitter account of the Shiba ecosystem announced the launch of ShibaSwap today. This is Shiba Inu’s proprietary platform available for Dig, Fetch, Bury, Swap, Bonefolio and Woof with Shiba Inu.

What’s Happening at ShibaSwap

ShibaSwap is Shiba Inu’s decentralized exchange that will allow users to trade between Shiba Inu and other cryptocurrency tokens. Prior to launch, investors in India trade Shiba Inu using an Indian exchange called WazirX. The launch of ShibaSwap will make trading on Shiba Inu easier for investors as it is a developer of a dedicated platform to facilitate Shiba Inu trading. Shiba’s website included the following statements.

“With its international recognition and legitimate use, SHIB has grown thousands offold and is constantly expanding its reach. SHIB is the first crypto listed and promoted on our proprietary DEX, ShibaSwap”

The Shiba Inu currently has a market cap of around $3.5 billion and is marketing itself as a Dogecoin (DOGE) killer, another popular meme coin. Both cryptocurrencies were started as a joke by their developers and currently have significant market capitalization in the crypto industry. But Shiba Inu has a long way to go to get close to Dogecoin, which has a massive $30.6 billion market cap.