“The SHIB token got listed on the Kraken exchange on Monday and the trading for the same will begin today as per the reports.”
The Shiba Inu community’s long wait has been over as one of the largest cryptocurrency exchanges Kraken has listed Shiba Inu’s SHIB token for trading on its platform.
Deposit of SHIB Token Commenced on 29th, but trading will start today
Kraken listed SHIB token on its platform on 29th November 2021. Though only deposits were allowed on the first day of listing and trading will commence today. As per the exchange’s twitter handle, the margin trading and futures trading for the token will not be available at launch and will be allowed in the future. Also, EUR and USD trading against the token will be available on the exchange. The exchange detailed that the SHIB token requires 20 confirmations before the deposit to go through; that results in about a 5 minutes wait and a minimum of 373 K SHIB are required to be deposited. The trading minimum will be 50K SHIB tokens at the exchange.
A New Win for the SHIB Token and its Community
With the listing on Kraken, Shiba Inu community is eyeing at its biggest win for the moment as the price rallied to over 13.5% with the listing news. The listing on large exchanges ensures trust of the investors in the project and it is shaping in a positive manner for the Shiba Inu project. Although, Shiba Inu community has also petitioned for the listing of SHIB on Robinhood exchange, the exchange in reply said that it is in no hurry to list any new coin. Gemini exchange also listed SHIB on its platform recently making Shiba Inu one of the fastest growing crypto investments.
Disclaimer: The article should not be considered as any financial advice. It is advisable to conduct thorough research before investmenting.
Photo by – LeandroDeCarvalho on Pixabay