Leading US cryptocurrency exchange Kraken announced that it will support the popular meme-based token Shiba Inu (SHIB) starting November 30.
Shiba Inu (SHIB), the Ethereum-based meme-inspired cryptocurrency is expected to begin trading on November 30. Kraken will make trading the token’s trading pairs against the US dollar and euro available on the platform. And with an order minimum of 50,000 SHIB.
The exchange has noted a price precision of 8 decimal points and a quantity precision of 5 decimal places for Shiba Inu. Kraken added that SHIB margin and futures trading will not be available for users yet.
Kraken knows how to read its userbase. The decision to include Shiba Inu has probably been the Platform’s most popular listing. The announcement got 41.2K likes in a single day and just over 16.4K Retweets. This makes it the second most popular tweet of the crypto exchange, only beaten by a challenge in which the Community Management team pledged to list Shiba Inu if their tweet got over, erm, 2,000 likes.
Kraken Australia managing director Jonathon Miller told Cointelegraph that the crypto marketplace supports projects with a clear demand for trading, including SHIB. Miller said: “There are certain services that we have that don’t really fit the regulatory mold. So there’s this gray area that the whole industry exists in, and that’s not specific to us. That’s just the nature of the fact that we’re dealing with an innovative technology that really doesn’t necessarily fit the criteria that existing regulators perceive as possible.”
Jonathon added: “I wouldn’t describe Kraken as being the place where every single coin is listed, that’s not been what we have been known for.”
After a successful listing on Kraken, the ShibArmy may once again turn its attention to Robinhood, which does not yet support SHIB. A petition asking Robinhood to add Shiba Inu now has over 500,000 signatures.