Kraken Exchange has announced support for Shiba inu (SHIB). Deposits are now live and SHIB trading is expected to start today.

“We are happy to announce that Kraken is now supporting SHIB. The fund is live and we expect trading to begin tomorrow November 30th – by which time Kraken will be able to enter and execute orders. “

New entry at Krak: @Shibtoken ????$ SHIB Deposits start NOW! Trading is live on November 30th.

➡️ Learn more: https://t.co/yUUKaBXKBq pic.twitter.com/L2IUHugyG0

The exchange also notes that margin and futures trading will not be available at launch.

The announcement states that SHIB will be tradable for USD and EUR on Kraken, with a minimum trade of 50,000 SHIB, price accuracy to 8 decimal places, and quantity accuracy to 5 decimal places.

Additionally, Kraken explains that SHIB deposits require 20 confirmations, which takes approximately five minutes. The minimum deposit amount is 373K SHIB.

SHIB price rose more than 13% from $ 0.00003899 prior to Kra’s announcement to an intraday high of $ 0.0004593 before falling back to current levels of 0.0004431 at press time.

Source: TradingView

Investors have been waiting for Kraken to deliver on its promise to list SHIB in a month. On November 1, the exchange announced that the platform will list SHIB the next day if their tweet receives 2K likes. The result was over 45,000 likes from SHIB supporters, but in the end Krak didn’t keep what it promised. However, the promise came a month late, but was still fulfilled in the end.

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