Gemini exchange has announced that they have added massive support for Shiba Inu (SHIB) on its platform yesterday.
Gemini exchange has announced that they have added massive support for Shiba Inu (SHIB) on its platform. This represents the first time that Gemini has taken a step forward to support SHIB since its sentiment and price action sensation commenced in the crypto space.
Alongside adding SHIB-support to its mainstream platform, Gemini is freshly supporting several new DeFi projects, Metaverse, infrastructure, and data management tokens. However, this means that users can now have a wide range of experiences with these services anytime from now on.
Cryptocurrency exchange Gemini announced its support for the meme cryptocurrency shiba inu (SHIB) Friday. The company wrote: “We are delighted to announce support for shiba inu (SHIB) as well as a range of new defi, metaverse, infrastructure, and data management tokens.”
Apart from the second-largest meme coin, the New York-headquartered trading platform has also listed a slew of tokens from the decentralized finance ecosystem, including Quant (QNT), Fetch AI (FET) and Radicle (RAD).
In the meantime, Kraken hasn’t posted any updates about whether or not it plans to list the Shiba Inu cryptocurrency.
While praising the Shiba Inu community, Robinhood Crypto COO Christine Brown said that the short-term gain from adding such meme coins might not be worth it in the long term: “We think that the short-term gain that we might get is not worth the long-term trade-off for our users. We wanna make sure that we are working and assessing everything from a regulatory perspective. And we are a “safety first” company. That’s how we are going to play it.”
Meme coins are often subject to short lives, unlike entrenched coins like bitcoin and Ethereum. As such, they often get overlooked by most major trading platforms. Because of their massive circulating supplies, prices are often fractions of a cent and some investors buy them just to get more ‘bang for their buck,’
