Shiba Inu Holders Can Now Earn Interest On SHIB Holdings Because Of This Breakthrough

Shiba Inu holders can now earn interest on their SHIB holdings following the addition of the dog-themed meme coin to the DeFi Wallet of Crypto.com.

Crypto.com, a cryptocurrency exchange based in Singapore, announced it has added Shiba Inu to its decentralized (DeFi) wallet alongside six other cryptocurrencies. "New Polygon tokens added to the http://Crypto.com DeFi Wallet Aave (#AAVE), Binance USD (#BUSD), Dai (#DAI), Klima DAO (#KLIMA), Chainlink (#LINK), Shiba Inu (#SHIB), Terra (#LUNA)," the platform shared on Twitter Monday.

Crypto.com DeFi Wallet is a non-custodial app or wallet that provides users access to a wide range of DeFi services in one place. Crypto.com's DeFi wallet enables users to manage more than 500 coins easily, including ETH/USD, BTC/USD.

The addition of Shiba Inu to Crypto.com DeFi Wallet will allow users to earn interest on their token holdings. Users can earn from more than 35 tokens with Compound, Yearn Earn V2, Crypto.org staking, Aave and Cosmos Staking without any lock-up term and with potentially significant returns.

Crypto.com DeFi Wallet listing is separate from Crypto.com App and Exchange listings. Crypto.com DeFi Wallet is user-warded where the user is also the custodian.

Simply put, users have full access and control of their crypto private keys, as well as complete crypto ownership when stored in the Crypto.com Wallet. Unlike the centralized custodian on Crypto.com App, Crypto.com DeFi Wallet users do not need a Crypto.com account to send, receive and store crypto in the Crypto.com Wallet.

Last May, the Singapore-based cryptocurrency exchange listed Shiba Inu on its App. This allowed users to purchase the dog-themed meme coin using UR, USD, GBP and 20 other fiat currencies.

Moreover, users can use the meme coin in conducting business with over 60 million merchants via Crypto.com Visa card. Aside from Crypto.com, Shiba Inu is available on multiple major cryptocurrency exchange platforms worldwide. This includes Coinbase Global Inc and Binance.

Wirex, a London-based digital payment platform, added Shiba Inu along with three other tokens last week.

Shiba Inu was trading down 1.87% at $0.0000215 with a 24-hour volume of $663,946,945 at 3:40 a.m. ET on March 15. The self-proclaimed Dogecoin killer has a market capitalization of $11,805,223,436, based on the current data from CoinMarketCap.