Commission-Free Shiba Inu (SHIB) Trading Announced by Major Crypto Exchange

Major crypto exchange Bitrue has announced free trading of Shiba Inu futures, much to the delight of SHIB traders and its wider community.

Bitrue has announced a new promotion that includes commission-free trading for SHIB and 12 other futures pairs, along with the chance for 50 random winners to win 50 USDT daily.

By definition, Shiba Inu futures are an agreement between two counterparties to buy and sell a specific amount of SHIB at a particular Shiba Inu future price on a specific date and time.

Shiba Inu (SHIB) futures allow users to gain exposure to Shiba Inu without having to own it, so the announcement remains noteworthy for current and aspiring SHIB futures traders.

SHIB open interest rises

According to data from CoinGlass, Shiba Inu is demonstrating an increase in open interest, which has increased by 13.01% to $27.15 million.

The total number of futures contracts held by market participants at the end of the trading day is called open interest and indicates the total amount of activity in the futures market.

An increase in open interest means new capital entering the market. Bitcoin’s recent run above $44,000 appears to have breathed new life into the cryptocurrency market, driving an increase in money flow into specialized cryptocurrencies like Shiba Inu (SHIB). This statistic revealed by SHIB derivatives shows that investors are more willing to take risks.

In particular, Shiba Inu (SHIB) has benefited from the bullish momentum in the market, reaching highs of $0.00001067 in today’s trading, erasing a zero from its price.

At the time of writing, SHIB was up 8.72% in the last 24 hours to $0.000010. Shiba Inu trading volume has also skyrocketed 140% in response to price volatility, with a whopping $808 million worth of SHIB traded in the last 24 hours, according to data from CoinMarketCap.