Dear BitTap Users,
We are pleased to announce that BitTap will officially launch the SHIBUSDT perpetual contract trading pair on May 20, 2025 (UTC+8). This contract supports both long and short positions with leverage of up to 50x. We warmly invite all users to participate and experience our flexible and efficient derivatives trading services.
Launch Schedule:
Contract Trading Start Time: May 20, 2025 (UTC+8)
Contract Product Information
Trading Pair: SHIBUSDT Perpetual Contract
Underlying Asset: SHIB
Quote Asset: USDT
Supported Network: Ethereum
Maximum Leverage: 50x
Funding Rate Mechanism: Settled every 8 hours
Trading Mode: USDT-margined, perpetual contract, supports bi-directional positions
Project Overview: SHIB
According to the SHIBA INU official website, SHIB is known as the "DOGECOIN KILLER" and is listed on their own decentralized exchange, ShibaSwap. The SHIBA INU token was anonymously created in August 2020 by a person under the pseudonym "Ryoshi". Ryoshi has stated that he is a nobody and not important, and that even if his identity were revealed, it would be unimpressive.
Key Metrics (Data Source: CoinMarketCap, as of May 19, 2025):
Current Market Cap: $82.64 billion
Fully Diluted Market Cap: $82.69 billion
24h Volume/Market Cap Ratio: 3.85%
Market Dominance: 0.25%
All-Time High: $0.00008845 (October 28, 2021)
All-Time Low: $0.0000000008165 (September 1, 2020)
Blockchain: Ethereum
Circulating Supply: 589.24 trillion
Total Supply: 589.50 trillion
Max Supply: 589.55 trillion
Circulating Rate: 99.95%
Market Cap Ranking: No.16
Risk Warning:
SHIB is a highly volatile digital asset whose price may be influenced by market sentiment, regulatory developments, DeFi market performance, and other factors. Derivatives trading involves high leverage and high risk. Please assess your risk tolerance carefully and set appropriate take-profit and stop-loss levels.
Thank you for your continued support and trust in BitTap!
BitTap Team
May 19, 2025