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.

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

source https://news.bitcoin.com/crypto-exchange-kraken-supports-shiba-inu-shib-trading/

Komentar

Postingan populer dari blog ini

Spanish Treasury Secretary Says Cryptocurrencies Carry a ‘Risk of Default’, Repeats Bank of Spain’s Lack of Regulation Rhetoric

The government of Spain continues to harden its stance against widely adopting cryptocurrencies. The Spanish Secretary of State for the Economy recently expressed her concerns on risks that she thinks cryptos possess for the national economy. Secretary Doesn’t Like Bitcoin as It Cannot Be ‘Supervised or Sanctioned’ During the Online Fintech Summit 2021 , Ana de la Cueva said that cryptocurrencies such as bitcoin ( BTC ) carry “a risk of default, given that the user does not have the protection offered by traditional payment systems against a default by the counterparty.” In fact, the Secretary blasted off on the lack of a “centralized guarantee system” in bitcoin. Interestingly, at the beginning of her speech, De La Cueva mentioned that the cryptocurrency’s technology is based on blockchain. However, she later pointed out that there is no standard “clarity” on the nature of bitcoin. The Secretary repeated the same rhetoric of Spanish state entities on crypto assets, saying that th...

Baca selengkapnya

Barry Silbert Resigns as Chairman of Grayscale Investments

Digital Currency Group (DCG) founder Barry Silbert has resigned from his position as the chairman of Grayscale Investments. Current DCG chief financial officer Mark Shifke succeeds Silbert and is joined by Edward McGee and Matthew Kummell as members of the new look board. Preparing for Grayscale’s Next Chapter Barry Silbert, the founder and CEO of Digital Currency Group, has resigned from his position as chairman of the digital asset management company Grayscale and will be replaced by Mark Shifke. According to the company’s filing with the Securities and Exchange Commission (SEC), starting Jan. 1, 2024, Grayscale’s board will be composed of Mark Shifke, Matthew Kummell, and Edward McGee. Current Grayscale Investments CEO Michael Sonnenshein is also a board member, while Mark Murphy, the president of Digital Currency Group (DCG), departs alongside Silbert. Commenting on the changes to the board, an unidentified Grayscale spokeswoman reportedly said: “Grayscale and our investors ...

Baca selengkapnya

48 US Lawmakers Ask SEC Chair Gensler to Clarify Whether ETH Is a Security — Warn of ‘Negative Repercussions’

Forty-eight U.S. lawmakers have sent a letter to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler asking him to clarify whether ether is a security. “The negative repercussions of the SEC implicitly or directly classifying ETH as a digital asset security will cascade throughout the digital asset marketplace both in the short and long […] source https://news.bitcoin.com/48-us-lawmakers-ask-sec-chair-gensler-to-clarify-whether-eth-is-a-security-warn-of-negative-repercussions/

Baca selengkapnya

Crypto Account Manager

Cari Blog Ini