Kraken Exchange Finally Lists Shiba Inu (SHIB)

Crypto exchange Kraken has finally added support for the hottest meme token in the market, Shiba Inu (SHIB), after weeks of anticipation.

The new development was shared a couple of hours ago via the official Twitter handle of Kraken exchange.

Kraken tweeted, “New Listing on Kraken: @Shibtoken. SHIB deposits begin NOW! Trading is live November 30.”

The San Francisco-based trading platform has already opened deposits for the meme token. The minimum deposit is 373,000 SHIB.

According to the report, trading of SHIB on the leading exchange will go live on the last day of November. Kraken users will be able to purchase and trade SHIB with dollars and euros.

As earlier reported, Kraken announced that it would list Shiba Inu in early November, but failed to list the digital currency as promised, which was unpleasant to the teeming members of the Shiba Inu community.

Shiba Inu (SHIB) is already listed on major US-based exchanges such as Coinbase and Gemini. Earlier this month, the meme coin also started trading in South Korea for the first time.

The price of Shiba Inu (SHIB) managed to surge over 2% on the announcement. Meanwhile, the price of the meme token has dipped more than 40% this November.

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Solomon Odunayo

Solomon is a trader, crypto enthusiast, and analyst with over seven years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.