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Kraken Listing Bolsters Shiba Inu for More Than 25%

Kraken will, at last, follow through on the major hints over the last month and list Shiba Inu (SHIB) on its platform. 

Kraken will, at last, follow through on the major hints over the last month and list Shiba Inu (SHIB) on its platform. 

The tweet via which the announcement was made garnered more than 30k upvotes in a matter of hours. Kraken announced that users will be able to trade Shiba Inu (SHIB) come Tuesday.

In the Twitter post, the Kraken exchange announced that they have supported Shiba Inu (SHIB) and the announcement further deliberates that “funding is live, and we anticipate trading will begin tomorrow, November 30 — at which point Kraken will enable order entry and execution.”

Users will have access to Shiba Inu (SHIB) starting November 30 where the minimum depositing amount will be 373,000 Shiba Inu (SHIB), equivalent to $15 which can then be traded against the USD and EUR.

Many users were dismayed with the inability of Kraken to list Shiba Inu (SHIB) even though it had promised to follow through many times over the last month. Kraken in hopes of mending the relationship with its users decided to list Shiba Inu (SHIB) after all. 

However, Kraken is not the only exchange that is being pressured by users to list Shiba Inu (SHIB). Robinhood, the US-based crypto exchange was also pushed into listing Shiba Inu (SHIB), with users petitioning the exchange platform with a goal of 1 million signatures to list the token

Nonetheless, despite tireless efforts, Robinhood seems unhinged. Hopes were further shut down after the cryptocurrency COO of Robinhood said that the exchange has no sense of urgency when it comes to tokens of the likes of Shiba Inu (SHIB). 

Bumps in the way have never been a reason for the Shiba Inu (SHIB) community to stop advocating for their token of choice, as Shiba Inu (SHIB) has already been listed on Binance, Kucoin, Gemini, and now Kraken. Being accepted by major exchanges with large trading volumes most certainly positively affects the price of Shiba Inu (SHIB). 

Given that Kraken is the world’s fourth-largest exchange by trading volume, the listing on Kraken is a welcome relief for Shiba Inu (SHIB) enthusiasts. As a result, the listing is predicted to increase Shiba Inu (SHIB) liquidity as buying becomes even more straightforward, triggering prices to skyrocket. 

Having incurred an 11.77% surge in a 24 hour period, Shiba Inu (SHIB) is currently trading at $0.000047. 

Also read: ECOMI (OMI) Review – Is ECOMI a Good Investment?

 

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