Shiba Inu (SHIB) Staking: Which Crypto Exchange Offers The Best Deal?
Shiba Inu (SHIB) is a popular meme coin with a strong, vocal community following. The constant votes for inclusion of all three members of the (SHIB) trifecta ($SHIB, $BONE & $LEASH) has borne fruit, leading to a number of crypto exchanges listing the three tokens. However, few crypto exchanges offer staking for Shiba Inu (SHIB), let alone with double digit APY.
OKX Crypto ‘Gold Rush’ Includes Shiba Inu (SHIB)
The powerful voice of the Shiba Army, and the vibrant Shiba Inu (SHIB) ecosystem convinced the Seychelles-based OKX crypto exchange to get involved, as the company recently announced the addition of Shiba Inu (SHIB), alongside rival Japanese dog-themed coin (DOGE), to its staking products. In addition to the popular meme coins, OKX also included (LTC), (XRP) and (FIL) options.
Announcing the #OKXEarn Gold Rush Bonus Round 1⃣ token results $SHIB @Shibtoken $DOGE @dogecoin $LTC @LTCFoundation $FIL @Filecoin $XRP @RippleHot staking deals with up to 12% APY coming soon Stay tuned!
— OKX (@okx) September 15, 2022
At its current promotional rate, OKX offers the highest rewards of the crypto platforms listing Shiba Inu (SHIB) staking options at the time of writing, allowing Shiba Inu holders to earn juicy rewards of up to 12% APY. Furthermore, the forward-thinking crypto platform was also the first to add Sweatcoin Economy (SWEAT), a brand new cryptocurrency brought to fruition on September 13th, 2022.
Each of OKX’s promotional ‘Gold Rush’ crypto staking subscriptions hold three month terms. However, there are huge differences in the level of APY crypto enthusiasts can earn. To illustrate, Dogecoin (DOGE) and Ripple (XRP) are limited to 5% APY, while Shiba Inu (SHIB) is currently the only option standing at 12% APY. It seems like that may not be the only perk for the Shib Army on OKX either, as members of the Shib Army are petitioning the crypto exchange to include Bone ShibaSwap (BONE).
Hi @OKXHelpDesk Can we buy $BONE on @okx platform soon ?#BONE Gas Fee in #SHIBARIUM & Governance Token (Doggy Dao) #SHIB Ecosystem pic.twitter.com/Inypnfeozi
— BONEARMY (@BONEARMY1) September 15, 2022
Binance Argentina Has Great News for Shiba Inu (SHIB)
In related news, the new Binance Argentina Mastercard (NYSE:) offers support for Shiba Inu (SHIB), among other popular crypto currencies. This means Binance users will be able to pay for goods and services using their beloved canine token anywhere in the world where Mastercard is accepted. furthermore, the service invludes an 8% cashback promotion, and SHIB withdrawals incur no additional charges at ATMs.
Woof! @BinanceArg has added $SHIB to the list of supported tokens for Binance Cards issued in Argentina.You can now pay with SHIB at 90+ million merchants worldwide. Furthermore, get up to 8% cashback and zero fees on ATM withdrawals!Read more..https://t.co/FN3W964Bfw pic.twitter.com/KDTSnVlnAk
— Shib (@Shibtoken) September 16, 2022
As it stands, Binance also offers the second best Shiba Inu (SHIB) staking plan. As of this writing, locked staking plans for SHIB on Binance offer 10.80% APY, while the terms of staking products span 120 days.
On the Flipside
- Both Shiba Inu (SHIB) & Dogecoin (DOGE) were shown the door from Crypto.com Earn.
Why You Should Care
With Shiba Inu (SHIB) putting in solid effort to end its meme coin era, the two-year old project has gained in value by 72% in yearly terms. If this tendency continues, crypto investors could have the potential to earn high yield staking with Shiba Inu through OKX or Binance.
Read more on Shiba Inu’s (SHIB) recent developments:
(ETH) Whales Stockpile Shiba Inu (SHIB) As The Merge Happens
Find out more about the rise of the Bone ShibaSwap (BONE):
Bone ShibaSwap (BONE) Doubles Ahead of Shibarium Upgrade