Shrimpy Announces Futures Trading, New Exchange Integrations, and DeFi Venture

News • August 10, 2021

Trading in the cryptocurrency market can be a hectic activity, particularly for novice users unfamiliar with its concepts. Due to this reason, developers continue to design innovative and advanced solutions that will make crypto trading easier while simultaneously providing informative trading materials that users can utilize.

Shrimpy employs the same idea, and for three years now, users are leveraging social trading and portfolio rebalancing tools to generate profits. Through Shrimpy's long-term automated strategy, users have gained confidence in digital asset trading while allowing the platform to grow into a reputable ecosystem.

This article will cover Shrimpy’s newly launched futures trading, DEX trading, and exchange integrations.

Shrimpy Futures Trading

As mentioned earlier, Shrimpy has the goal of improving the crypto trading experience for its users. After completing the development of a Futures Trading option, a highly sought feature in the crypto market, Shrimpy rolled out the feature on July 19, 2021. In short, futures trading involves predicting the prices of digital currencies without actually owning them.

It presents an arena where anyone can bet on the future price of a cryptocurrency despite the volatility risks involved. This feature is now available on Shrimpy after receiving numerous requests from users worldwide.

According to a blog post, introducing the futures trading solution is complex, which is why it designed the following rollout procedure:

A futures portfolio monitoring option that marks the first rollout stage was enforced on March 30th, 2021. Here, Shrimpy can view the futures trades and balances a user is making in an exchange. After that, the platform posts the trader's performances similar to what is done in a spot trading scenario. Futures portfolio monitoring is available on Binance exchange at the moment, and traders will not be able to conduct any trades in the futures market during the first stage.
The second stage will allow manual futures trading on Shrimpy's trading dashboard. It is projected to launch in Q3, 2021
Social Futures trading is the third stage which will let followers execute the same futures trades made by leaders. However, the option is yet to be determined, and in some instances, the follower may not take the same trading approach from a leader.
The final stage will activate futures trading through rebalancing. This option is still also on the table, awaiting an implementation decision.

How to Start

Users can enable futures trading on Shrimpy by following these steps:

Users must first initiate a futures trade on Binance exchange which then presents a list of questions that need to be answered. At this point, the futures trading option on a Binance account is unlocked.
Come up with new API keys and enable the futures trading permission while creating the keys.
Click on the "update keys" option on Shrimpy to update the newly formed API keys.
Using the new Binance account with updated API keys, head over to the dashboard and select the "manage portfolios" option.
Complete by clicking on the "enable futures trading" box. From here, Shrimpy will start monitoring your futures portfolio.

It is important to remember that when creating new API keys, users should refrain from using the "delete keys" function as it can lead to loss of data for the respective exchange account.

Venturing into DEX Trading and Other DeFi Services

Shrimpy continues to onboard exchanges on its network, most of which are centralized platforms. Among the exchanges running on the social trading network include Binance, Gemini, Kraken, Bitstamp, Bitfinex, OKEx, Huobi, Poloniex, Bittrex, Coinbase Pro, and Binance US.

In a bid to expand further into the crypto sphere, Shrimpy organized a fundraising round in mid-July 2021 with the purpose of raising resources to tackle the innovative decentralized finance (DeFi) ecosystem. The platform plans on fulfilling this mission in collaboration with notable partners such as Plug & Play Ventures and Oriza Ventures.

Following the growing demand for DeFi products and services, Shrimpy has laid down a framework that seeks to provide yield farming, DEX trading, lending, and third party wallet connections. Radar Relay's CEO Alan Curtis will also play a crucial role as Shrimpy's advisor in assisting the platform with heading into the DeFi market.

Upcoming Exchange Integrations

Shrimpy anticipates adding several exchanges to its network. Below is an outlook on the trading platforms set to feature on Shrimpy:

Crypto.Com

The goal behind the launch of Crypto.com in 2016 was to promote financial independence to its users. It is an innovative trading platform developed by Kris Marszalek, who intended to bring a full-service trading experience to millions of users. Crypto.com contains an easy-to-use interface that can be used by any trader, whether experienced or not. Furthermore, users incur minimal trading fees when attempting to buy or sell digital currencies.

A Crypto Earn feature is also available for users to secure lucrative interests on their crypto holdings. In terms of security, Crypto.com uses Amazon Web Services to safeguard its infrastructure and a cold storage option that stores digital assets in an offline location.

FTX

FTX is a highly popular cryptocurrency derivatives exchange founded by Sam Bankman-fried in 2019. It represents one of the largest cryptocurrency exchanges in the world, ranked fourth on CoinMarketCap’s exchange leaderboard based on trading volume.

Users can choose to trade with an interface they prefer since FTX offers a market interface and an OTC portal. FTX enables users to leverage limit orders, stop-limit orders, market orders, and stop-market orders within the course of their trading activities.

ByBit

ByBit is the third crypto exchange platform that Shrimpy looks forward to supporting. The platform functions as a derivatives margin trading ecosystem launched in March 2018. It features a high-performing matching engine with an estimated rate of 100,000 TPS. Moreover, the trading fees at ByBit are relatively cheaper because market makers incur a 0.025% charge while takers incur 0.075%.

The Approaches Taken to Integrate Exchanges

Shrimpy follows specific criteria which decide on the exchange integration process. Some of these guidelines include:

1. An exchange's reputation - This is determined through blogs, online searches, or community reviews.

2. Effective security solution - Shrimpy will only feature those exchanges with adequate security measures in place

3. A reliable customer support system - These include supportive staff members who can handle any concerns from customers or Shrimpy when participating in the integration process.

4. Liquidity- Shrimpy advises that an exchange should have higher liquidity to handle significant volumes of trades.

Conclusion

The crypto trading experience on Shrimpy continues to dive deeper and improve gradually as it integrates more features. By using the futures trading strategy, users can earn an income from predicting the future prices of assets. Supporting exchanges make it convenient for users since one can easily buy/sell cryptocurrencies within Shrimpy's network.

Tapping into the decentralized financial crypto segment will also attract more users who seek to interact with DeFi products. Combining all these tools and platforms in an automated trading system will ultimately give Shrimpy the upper hand to thrive in the rapidly evolving crypto market.

< Older Post Newer Post >

Mail

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. None of the content on Crypto Folds is investment advice nor is it a replacement for advice from a certified financial planner. Please do your own research before purchasing or investing into any cryptocurrency.

SX Bet Bets Big on Berachain: Bringing Web3 Sports Betting to Bera

By Press Release • May 29, 2025

SX Bet has officially launched on Berachain, marking the next milestone in its cross-chain expansion strategy. With over 2 million bets placed, $675 million wagered, and 93% year-over-year growth in volume, SX Bet is reshaping the future of sports betting — and Berachain is the next big stage. SX Bet’s Berachain launch comes with a unique incentive structure designed to reward bettors for their activity. Users can now place bets using the native $HONEY stablecoin and earn $SXBRT, a receipt token that can be staked to the SX Vault on BeraHub to generate weekly yields in $BGT, Berachain’s governance token. The more you win, the more you earn. SX Bet will be hosting a summer Berachain betting tournament with a 69,420 bet credit prize pool from May 31 - July 14th and airdropping bet credits to top Berachain communities. But the Berachain deployment is not just about incentives. It’s about creating a scalable global liquidity hub for bettors and builders alike. Builders can leverage SX liquidity to launch their own custom betting frontends and experiences. “SX Bet isn’t just a single dApp — it’s a betting protocol anyone can build on. With this Berachain launch, we’re not just growing SX, we’re growing the entire Web3 betting ecosystem,” said Andrew Young, SX Bet Project Lead. The cross-chain architecture enables shared liquidity across multiple blockchains, allowing users to place bets on their preferred chain without sacrificing odds or depth. Already the top sports betting dApp by volume on Arbitrum, SX Bet has achieved sustained growth without relying on ongoing incentives — proving that sharp odds, fast UX, and a product-first approach win. Bettors choose SX for its peer-to-peer, non-custodial, on-chain model — a platform with the best odds, deepest liquidity, and a clear message: winners are welcome. SX Bet is setting the standard for scalable sports betting infrastructure in Web3. For bettors: more rewards, deeper liquidity, and better odds. For builders: a plug-and-play liquidity engine to leverage and build upon. For chains: a sticky, high-volume dApp proven to drive user growth and retention. Start betting and earning on Berachain today: bera.bet About SX Bet: SX Bet is the fastest-growing on-chain betting exchange—built for the future of sports and crypto. All bets are peer-to-peer, the platform is non-custodial, and all bets are on-chain —offering a secure, trustless, and transparent betting experience. Built on the SX Network and now live on Arbitrum and Berachain, SX Bet is cementing its position as the global liquidity hub for sports betting. Learn more at sx.bet . SX bet is not available in the United States or other restricted regions. Media contact: business@sx.bet

Europe uses blockchain: launches free cloud mining settlement service for Bitcoin, Dogecoin, and Litecoin

By press release • May 28, 2025

As the global cryptocurrency industry matures, Europe is accelerating its move towards a new economic model dominated by blockchain. Recently, a multi-national European technology alliance jointly announced that it will officially launch a blockchain-based ultra-large-scale cloud mining settlement service, aiming to open up the entire process of cloud mining resources, transparent income distribution and cross-border contract settlement. This revolutionary system will be technically supported by the leading encryption technology platform BlockchainCloudMining , marking the deep integration of decentralized finance (DeFi) and high-performance computing power infrastructure. The entire system is built on blockchain smart contracts. Every income distribution and the operating status of each device can be recorded on the chain in real time. Users only need to log in to the platform to view daily computing power income, contract progress and mining asset settlement status. The platform promises "zero delay and zero black box". All settlements will rely entirely on on-chain verification to eliminate the risk of human manipulation. How to use blockchain cloud computing power to easily earn daily income? Step 1: Register an account Registering as a Blockchain Cloud Mining user will receive a $12 bonus, which can be used to purchase a $12 contract, with a daily income of $0.6. This plan provides new users with a free experience of cloud mining without any financial risk. Step 2: Choose Blockchain Cloud Mining Contract In addition to the $12 contract, there are multiple contracts that can be purchased at the same time. Each contract has a fixed income, and you can get more income after purchasing. As follows: ⦁ [New User Experience Contract]: Investment amount: $100, contract period 2 days, potential total income: $100 + $6. ⦁ [WhatsMiner M66S]: Investment amount: $500, contract period 7 days, potential total income: $500 + $40.25. ⦁ [WhatsMiner M60]: Investment amount: $1000, contract period 14 days, potential total income: $1000 + $168. ⦁ [Bitcoin Miner S21 XP Imm]: Investment amount: $5000, contract period 32 days, potential total income: $5000 + $2048. ⦁【ALPH Miner AL1】: Investment amount: $10,000, contract period 45 days, potential total income: $10,000 + $6,075. (The platform has launched a variety of stable income contracts, for more contract details, please log in to the official website Blockchaincloudmining.com BlockchaincloudMining advantages and features: Registration bonus: Register and get a $12 bonus immediately. No additional fees: transparent pricing, no hidden service fees or management fees. Cryptocurrency support: Provides trading of multiple cryptocurrencies such as USDT-TRC20, USDT-ERC20, BTC, ETH, LTC, USDC, BCH, SOL, DOGE, XRP, etc. Referral program: Earn up to $50,000 through the affiliate program by referring new users. Support and uptime: 100% Uptime commitment, 24/7 customer support and real-time settlement of earnings Conclusion: Blockchain + European regulation, reshaping the future of cloud mining The core value of "decentralization" is taking root in Europe, and BlockchainCloudMining is standing at the starting point of this new era. With Europe's advantages in policy support, data compliance, and energy structure, coupled with its own years of platform experience and technical accumulation, BlockchainCloudMining will lead the global cloud mining from "barbaric development" to "institutional drive", and start a truly future-oriented blockchain computing power revolution. If you are also optimistic about the future of digital assets such as Bitcoin and DOGE, and are looking for a new investment method with low threshold, high transparency, and automatic income, then now is the best time to join BlockchainCloudMining. Click with your fingertips and hold the key to the next digital wealth cycle. For more information about BlockchainCloudMining, please visit the official website: blockchaincloudmining.com or contact the company email: info@blockchaincloudmining

VEEPEEN Launches with Viral Momentum, Crosses 3,000 Holders Amid VEEPEEN Meme Surge

By press release • May 28, 2025

The crypto world has a new viral disruptor: $VPN, a memecoin with a name that turns heads and a strategy that turns momentum into community. Unlike traditional VPNs (“Virtual Private Networks”), this VPN stands for Vagina Penis Network. The result is a meme-powered project that blends internet culture, social irreverence, and ironic utility into one fast-growing token. Now crossing 3,000 holders and expanding rapidly, $VPN captures the chaotic spirit of the internet. The team is openly tapping into the most viral meta of 2025: anatomy meets anonymity. This alignment has sparked a wave of “VEEPEEN” memes that now fuel much of the project’s viral energy. A Meme That Understands the Internet At its core, $VPN is a double entendre. It hijacks the acronym most associated with encrypted browsing and redefines it through the lens of raw, meme-ready branding. It is this intentional contrast (between data protection and digital depravity) that has made $VPN impossible to ignore. $VPN stands out for its cultural awareness and total commitment to internet-native humor. Gaining Traction and Market Attention Despite its absurd premise, $VPN is showing real momentum. Backed by high-engagement KOLs and degen communities, the token has evolved from a joke into a serious contender. Early buyers are aligning not just with a token but with a brand that openly challenges crypto’s tendency toward sameness. With viral growth, mounting attention, and talk of future listings, there’s a lot of hype around VPN. In fact, people in the space now cite $VPN as a potential $100 million market cap breakout. Built for the Post-Ironic Web3 Era The project’s tagline (“The only protection you need”) sums up its self-aware design. While traditional VPNs offer encrypted access and privacy, this $VPN offers something more abstract: a mirror to how crypto, memes, and culture collide in 2025. The VPN team is working to go beyond the mere memecoin definition. In fact, this project is more of a commentary wrapped in community. The idea is powered by people who understand that the internet rewards contradiction and commits to the bit. About VPN VPN (Vagina Penis Network) is a community-driven memecoin launched as a provocative fusion of privacy culture and viral internet branding. By reinterpreting the acronym VPN, the project builds its identity on contrast, chaos, and cultural resonance. With over 3,000 holders and rapid growth, $VPN has positioned itself as a standout token in the Web3 memecoin space. It is not a protocol; it is a performance. A decentralized brand for those who understand the power of memes, meta, and momentum. The project’s meme culture continues to expand across platforms, driven in part by the growing popularity of the “VEEPEEN” meme trend. Anyone curious to learn more about this project can check out the founder's official announcement and VPN's DexScreener page below. Website | X (Twitter) Official Announcement | $VPN on DexScreener

AGFI Token to Launch on Bitbulls Exchange on 2nd June, 2025 at 09:30 AM UTC

By Press Release • May 26, 2025

Agrifi, a trailblazer in blockchain-powered agricultural solutions, is proud to announce the official listing of its native utility token, AGFI, on Bitbulls Exchange. Trading will commence on 2nd June, 2025, at 09:30 AM UTC , with the trading pair AGFI/USDT. Deposits and withdrawals will also be enabled at the same time. This significant milestone brings AGFI to a broader global audience, giving users the opportunity to participate in a revolutionary ecosystem where blockchain, AI, and IoT converge to power smart agriculture. AGFI: Powering the Future of Agriculture AGFI is more than just a token—it’s the fuel behind the Agrifi platform, which empowers farmers, agri-businesses, and consumers with transparency, automation, and real-time data across the agricultural value chain. From farm to fork, every transaction and data point is immutably recorded on-chain. With AGFI, users can: Access premium AgriFi platform features Participate in blockchain-verified supply chains Stake tokens for rewards and ecosystem governance Facilitate secure, transparent agri-financial transactions Why Bitbulls Exchange? Known for its robust security, advanced trading tools, and user-centric design, Bitbulls Exchange is the ideal platform for AGFI’s trading debut. Bitbulls adheres to global compliance standards, ensuring a safe, intuitive, and scalable trading experience for new and seasoned investors alike. “The listing of AGFI on Bitbulls is a defining moment for the Agrifi ecosystem,” said an Agrifi spokesperson. “It opens doors for global participation in a token economy that’s transforming agriculture as we know it.” “We are thrilled to host AGFI’s listing,” added the Bitbulls Exchange team. “It represents the kind of real-world use case that blockchain needs to scale mainstream adoption.” Launch Details: Token Symbol: AGFI Trading Pair: AGFI/USDT Launch Date: 2nd June , 2025 Launch Time: 09:30 AM UTC Exchange: Bitbulls Exchange Stay Connected: Facebook: https://www.facebook.com/agrifiofficial Instagram: https://www.instagram.com/agrifi_official/ Twitter: https://x.com/Agrifi_official Telegram: https://t.me/bitbulls_exchange Website: agrifi.tech | https://bitbulls.exchange/