Kraken, a cryptocurrency exchange, now accepts Shiba Inu.
Kraken, a cryptocurrency exchange, has announced its acceptance for the meme cryptocurrency shiba inu (SHIB). Deposits are already available, and SHIB trading is set to begin on Tuesday. Following Kraken’s statement, the price of SHIB skyrocketed.
Kraken, a cryptocurrency exchange, stated on Monday that shiba inu (SHIB) deposits are now available, with trading anticipated to begin on Tuesday. The following conversation was written:
$SHIB deposits begin NOW! Trading is live November 30.
According to the statement, the shiba inu token will be tradeable against USD and EUR on Kraken, with a trading minimum of 50K SHIB, a price precision of 8 decimal places, and a quantity precision of 5 decimal places.
Furthermore, the exchange platform stated that SHIB deposits need 20 confirmations, which it believes will take roughly five minutes. The required minimum deposit is 373K SHIB.
SHIB’s price has risen more than 13% from $0.00003899 previous to Kraken’s announcement to $0.00004422 at the time of writing.
Shiba inu cryptocurrency enthusiasts have been waiting over a month for Kraken to fulfill its commitment to list SHIB. On November 1, the exchange stated that if its tweet received 2K likes, the platform will list SHIB the next day. Within the time span specified, SHIB fans generated more than 45K likes. Kraken, on the other hand, did not keep its promise.
Instead of listing SHIB, the exchange tweeted on November 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 enthusiasts continue to campaign for SHIB to be listed on the trading site Robinhood. At the time of writing, the petition had over 540K signatures. However, Robinhood has stated that it is not in a rush to add more cryptocurrencies to its platform. This month, another major cryptocurrency exchange, Gemini, introduced SHIB support.