The US-based cryptocurrency exchange Kraken has finally added support for the Shiba Inu cryptocurrency on its exchange after almost a month of anticipation. Now Kraken has started support for depositing the SHIB tokens on its exchange.
Shiba Inu has gained popularity in a short time. SHIB is a dog-based meme coin that was launched as a Dogecoin killer. This coin has made many people millionaires in a short time.
According to reports, the trading will go live today on 30th November 2021. Now the users of the Kraken exchange will be able to buy and sell the SHIB tokens with US dollars and Euros.
According to reports Kraken had already announced the listing of SHIB token on its exchange in earlier November, but the listing was delayed by Kraken and after the Shiba Inu community’s long wait and support Kraken finally listed this token for its users.
Before listing on this exchange the famous meme token is already available for trading on famous exchanges Gemini and Coinbase. And now this listing will be positive news for SHIB holders.
After this listing, the SHIB holders are expecting a huge pump in this token. At the time of writing this post, the SHIB price was trading around $0.00004939 on Coinmarketcap which is almost 27% up from its previous price.
Some crypto analysts are also predicting, the SHIB token will remove one zero from its price after this listing. It is the perfect time to make some profit from SHIB tokens.
I am Pawan Kashyap currently living in Amritsar. I always try to grab new things from the cryptocurrency market. From my observations and trends in the market, I always try to provide the best and accurate information in the form of articles from this blog. Follow us on Facebook, Instagram, and Twitter to join us.