K9 Finance Lists on MEXC as Shiba Inu's LSD Partner

K9 Finance, the Liquid Staking Derivatives (LSD) partner of Shiba Inu (SHIB), has officially listed its first currency exchange.

MEXC Global listed K9 Finance (KNINE) on March 19, making it the first exchange to list the new token. This is a journey that K9 Finance has long embarked upon, and now it’s getting closer to the mainstream market.

We're thrilled to announce that the @K9finance Kickstarter has concluded and $KNINE will be listed on #MEXC!

🔹Deposit: Opened
🔹KNINE/USDT Trading in Innovation Zone: 2024-03-19 15:00 (UTC)

Details: https://t.co/ZjOof0hRjL pic.twitter.com/7oJMMWu2i0
— MEXC (@MEXC_Official) March 19, 2024

That listing is anticipated to positively impact the Total Value Locked (TVL) on The Shibarium, which will resonate with Shiba Inu’s blockchain development process for layer-2. K9 Finance acts as a Shiba Inu Network validator on Shibarium, and its SHIB staking interface is encouraged to engage participants in the SHIB ecosystem.

#KNINE too the Moon 🚀 pic.twitter.com/4y29rEexmW
— Crypto X Solutions (@Crypto_X_Soln) March 19, 2024

This development is taking place soon after Shibarium hit a $2.25 million TVL, recorded on March 5th, and a similar increase in the Shiba Inu coin price up to $0.000044 from December 2021.

Also Read: Bitcoin Bulls vs. Bubble Bears: A Cryptocurrency Clash

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

Follow The Crypto Times on Google News to Stay Updated!