Crypto Exchange Kraken Now Supports Shiba Inu — SHIB Trading to Begin Tomorrow
Cryptocurrency exchange Kraken has announced support for the meme cryptocurrency shiba inu (SHIB). Deposits are now live and SHIB trading is expected to commence on Tuesday. The price of SHIB surged following Kraken’s announcement. SHIB on Kraken: Deposits Now Live, Trading Set to Begin Tomorrow
Crypto exchange Kraken announced Monday that shiba inu (SHIB) deposits are live and trading is expected to start Tuesday. The exchange wrote: We’re thrilled to announce that Kraken now supports shiba inu (SHIB).
“Funding is live, and we anticipate trading will begin tomorrow, November 30 — at which point Kraken will enable order entry and execution,” the exchange clarified, noting that the futures and margin trading service will not be available at launch.
The shiba inu token will be tradeable against USD and EUR on Kraken, the announcement details, adding that there is a trading minimum of 50K SHIB, a price precision of 8 decimal places and a quantity precision of 5 decimal places.
Moreover, Kraken explained that SHIB deposits require 20 confirmations, which it estimates to be about five minutes. The minimum deposit is 373K SHIB.
The price of SHIB jumped more than 13% from the $0.00003899 level prior to Kraken’s announcement to $0.00004422 at the time of writing.
Shiba inu crypto investors have been waiting almost a month for Kraken to come through on its promise to list SHIB. The exchange tweeted on Nov. 1 that if its tweet gets 2K likes, the platform will list SHIB the next day. SHIB supporters delivered more than 45K likes within the time frame given. However, Kraken did not come through on its promise.
Instead of listing SHIB, the exchange tweeted on Nov. 2: “Community is an important part of our considerations for all listings, and you have clearly shown your support. There’s more work for us to do as we move through our listing review process.”
Meanwhile, shiba inu crypto supporters are still petitioning for the trading platform Robinhood to list SHIB. At the time of writing, the petition has garnered more than 540K signatures. However, Robinhood recently said that it is in no hurry to list additional cryptocurrencies. Another major crypto exchange, Gemini, also added support for SHIB this month. Tags in this story crypto exchange kraken, deposit shib, Kraken, kraken lists shib, kraken lists shib inu, kraken shib, kraken shiba inu, trading shib
What do you think about Kraken finally listing SHIB? Let us know in the comments section below. Uzbekistan Allows Residents to Trade Cryptocurrencies on Local Exchanges EXCHANGES | 4 days ago Robinhood Discusses Crypto Wallet Launch and Listing Strategy as Petition to List Shiba Inu Exceeds 526K Signers EXCHANGES | Nov 10, 2021
Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleMicrostrategy Buys 7,002 More Bitcoins, Growing Crypto Stash to 121,044 BTC Next articleFed Chair Jerome Powell Could ‘Slow Crypto Down’ in His Second Term, Warns Billionaire Mike Novogratz Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed It‘Financial Inclusion’ — A Buzzword for Central Banks Who Secretly Despise Economic Freedom
The World Economic Forum (WEF) has released its latest report on "digital currency governance" this month, addressing stablecoins, cryptocurrencies, and "barriers to financial inclusion." Like most central banks, regulators, think tanks, and politicians, the WEF publication gives lip service to ... read more.More Regulations Proposed to ‘Streamline’ Mining Sector in Kazakhstan Kevin O"Leary on SEC v Ripple Lawsuit Over XRP: "I Have Zero Interest in Investing in Litigation Against SEC" Data Shows a Myriad of Crypto Networks Are More Profitable to Mine Than Bitcoin Grayscale Report Sees Metaverse as Potential $1 Trillion Business Opportunity