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Crypto Exchange Kraken Now Supports Shiba Inu – SHIB Trading To Begin Tomorrow – Bitcoin Exchanges News


The Kraken cryptocurrency exchange has announced support for the shiba inu cryptocurrency meme (SHIB). Deposits are now live and SHIB trading is expected to begin on Tuesday. The price of SHIB jumped following Kraken’s announcement.

SHIB on Kraken: deposits are now online, trading should start tomorrow

The Kraken crypto exchange announced on Monday that shiba inu (SHIB) deposits are live and trading is expected to start on Tuesday. The exchange wrote:

We are excited to announce that Kraken now supports Shiba Inu (SHIB).

“Funding is live and we expect trading to begin tomorrow, November 30 – when Kraken will allow order entry and execution,” the exchange said, noting that the futures and margin trading service will not be available at launch.

The shiba inu token will be exchangeable for USD and EUR on Kraken, the announcement clarified, adding that there is a minimum trading of 50K SHIB, a price precision of 8 decimal places and a quantity precision of 5 decimal places.

Additionally, Kraken explained that SHIB deposits require 20 confirmations, which it estimates to be around five minutes. The minimum deposit is 373K SHIB.

The price of SHIB has jumped more than 13% from the pre-Kraken $ 0.00003899 level of $ 0.00004422 at the time of writing.

Shiba inu crypto investors have been waiting for almost a month for Kraken to keep its promise to list SHIB. The exchange tweeted on November 1 that if their tweet gets 2K likes, the platform will list SHIB the next day. SHIB supporters delivered over 45,000 likes within the time limit. However, Kraken 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’ve clearly shown your support. We still have work to do as we move forward with our list review process.

Meanwhile, shiba inu crypto supporters are still asking the Robinhood trading platform to list SHIB. At the time of writing, the petition has collected over 540,000 signatures. However, Robinhood recently said it was in no rush to list additional cryptocurrencies. Another major crypto exchange, Gemini, also added support for SHIB this month.

What do you think about Kraken finally listing SHIB? Let us know in the comments section below.

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