Crypto Exchange Kraken to List Shiba Inu, Fulfilling Nov. 1 Twitter Promise as SHIB’s Fortunes Fall – Coindesk
Cryptocurrency exchange Kraken will support the popular, Ethereum-based memecoin shiba inu (SHIB), which is expected to begin trading Tuesday, the company said in a blog post on its website Monday.
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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 there was “more work” to do as it moved through its token listing review process.
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Kraken said Monday the minimum, required deposit is 373,000 SHIB, and that the coin will be tradable against the U.S. dollar and euro, with a trading minimum of 50,000 SHIB.
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SHIB margin and futures trading will not be available for investors, the exchange said.
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SHIB jumped over 16% at one point Monday as the broader cryptocurrency market continued to rally following Friday’s sell-off.
Michael Bellusci is CoinDesk’s crypto payments reporter.
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