$SHIB Surges 26% After the news that Coinbase Pro is coming

On Tuesday (June 15), Coinbase announced that dog meme-based cryptocurrency SHIBA Token ($SHIB) would soon be listed on Coinbase Pro, its trading platform for experienced and professional traders.


This is how Coinbase defined the SHIBA token (called the “Shiba Inu” token):

Shiba Inu (SHIB) is a currency which seeks to be a Dogecoin (DOGE), popular meme cryptocurrency, Ethereum-based alternative. Contrary to the limited Bitcoin, the SHIB is purposefully abundant—with a one-quadrillion quantity circulating. The Shiba Inu Token ecosystem supports such projects as the NFT Art Incubator and the establishment of the Shibaswap exchange."

 In particular, the blog post of Coinbase said:

  • Coinbase Pro has begun accepted $CHZ, $KEEP and $SHIB inbound transfers.
  • $CHZ, $KEEP and $SHIB support is "usually accessible in the supported jurisdictions of Coinbase except for Singapore.
  • "The $CHZ and $SHIB are "not available to citizens of New York"
  • "When conditions of liquidity are fulfilled, trading will commence on or following 9AM Pacific Time (PT) Thursday, 17 June."

 

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