Crypto Exchange Kraken to List Shiba Inu, Fulfilling Nov. 1 Twitter Promise as SHIB’s Fortunes Fall
Cryptocurrency exchange Kraken will support the popular, Ethereum-based memecoin Shiba Inu (SHIB), which is expected to begin trading tomorrow, the company said in a blog post on its website Monday.
The announcement comes less than a month after Kraken failed to fulfill a promise in listing SHIB after its crypto platform product lead Brian Hoffman issued a Twitter “likes” challenge. Following an uproar among SHIB supporters, the company said that there was “more work” to do as it moved through its token listing review process.
Kraken said Monday that the minimum, required deposit is 373,000 SHIB, and that the coin will be tradeable against the USD and EUR, with a trading minimum of 50,000 SHIB.
SHIB margin and futures trading will not be available for investors, the exchange said.
SHIB jumped over 16% at one point Monday as the broader cryptocurrency market continued to rally following Friday’s selloff.