UEX.US Lists Shiba Inu, Offers Deposit Rewards and Collateral Loans

Crypto exchange UEX.US has listed Shiba Inu (SHIB), expanding its trading channels. Users can now trade SHIB against USDT and major assets, or buy it using PayPal, bank transfers, or card payments.

UEX.US also introduced a deposit reward for SHIB with an annual percentage yield of 4.5 percent from the first day of listing. The exchange supports collateral loans that allow users to borrow up to 90 percent of an asset's value by using their SHIB as collateral without selling it.

The expansion of trading channels for SHIB is drawing attention, with market indicators suggesting a possible price rebound. On-chain analytics firm Santiment's social dominance indicator has been recovering since Aug. 16 and posted 0.016 percent on the day.