Shiba Inu Trading to Begin Tomorrow on Crypto Exchange Kraken

Kraken, a cryptocurrency exchange, has announced acceptance for the shiba inu meme cryptocurrency (SHIB). Deposits are already open, and SHIB trading should begin on Tuesday. Following Kraken's statement, the price of SHIB skyrocketed.

SHIB on Kraken: Deposits are now open, and trading will start tomorrow.

Kraken, a cryptocurrency exchange, stated on Monday that shiba inu (SHIB) deposits are now available, with trading anticipated to begin on Tuesday. The following was written in the exchange:

We are ecstatic to announce that Kraken now supports Shiba Inus (SHIB).

"Funding is online, and we expect trading to begin tomorrow, November 30 – at which point Kraken will enable order entry and execution," the exchange said, adding that futures and margin trading will not be available at launch.


According to the statement, the Shiba Inu token will be tradeable against USD and EUR on Kraken, with a trading minimum of 50K SHIB, a price precision of 8 decimal places, and a quantity precision of 5 decimal places.

Furthermore, Kraken stated that SHIB deposits require 20 confirmations, which it believes will take approximately five minutes. 373K SHIB is the minimum deposit. SHIB's price has risen more than 13 percent since Kraken's statement, from $0.00003899 to $0.00004422 at the time of writing.

Shiba inu crypto investors have been waiting for Kraken to fulfill its promise to list SHIB for nearly a month. On November 1, the exchange stated that if its tweet received 2K likes, the platform will list SHIB the next day. Within the time span allotted, SHIB supporters delivered almost 45K likes. Kraken, on the other hand, failed to deliver on its promise.

"Community is a crucial component of our deliberations for all listings, and you have clearly proven your support," the exchange tweeted on Nov. 2 instead of listing SHIB. As we progress through the listing review process, we have more work to perform."

Meanwhile, fans of the shiba inu cryptocurrency continue to campaign for SHIB to be listed on the trading site Robinhood. The petition has received over 540K signatures as of this writing. However, Robinhood recently stated that it is not in a rush to add more cryptocurrencies to its platform. This month, another major crypto exchange, Gemini, added support for SHIB.

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