Shiba Inu is now on Kraken too

SHIB has just added to its wins; as an announcement by Cryptocurrency exchange Kraken indicated, it is now finally supporting the highly awaited meme-themed token.

Currently, Shiba deposits are live while trading will just take off today. However, the exchange noted in the announcement that the margin and futures trading service would not accompany the launch.

Funding is live, and we anticipate trading will begin tomorrow, November 30 — at which point Kraken will enable order entry and execution.

According to the announcement, users would be able to trade SHIB against these pairs, including USD and EUR. Furthermore, the minimum trade for SHIB will be 50K ( a price precision of 8 decimal places and a quantity precision of 5 decimal places.)

Additionally, users would need to fulfill 20 confirmations to deposit SHIB,  which will take less between 1 to 5 minutes. Any deposit must be from 372K SHIB and above. This means the minimum deposit is 372K.

This listing came weeks after the exchange had hinted on Twitter that it would list SHIB. You will recall that earlier in the month, Kraken tweeted it would list SHIBA if a particular tweet about SHIB got 2K likes, promising to list the asset as early as the next day.

However, instead of listing the next day as promised, it was delayed for a few weeks. At the time, the exchange noted they were assignments to do before listing any new token.

Community is an important part of our considerations for all listings, and you have clearly shown your support. There’s more work for us to do as we move through our listing review process.

In response to the news, the price of the meme-themed token jumped by 13%, to the $0.00004422 mark from the $0.00003899 level.

It is worth adding that Shiba Inu supporters on the Robinhood trading platform are also expecting something like this. Recall they started pushing for its listing weeks ago through a petition that has seen over 540K signatures, which is the highest in the history of crypto. However, Robinhood appears to be approaching it with care.

Views and opinions expressed are solely those of the author and not of The DeChained or any affiliated party. Views or opinions expressed in this article (or any article on the website) are not financial advice. Articles are for informational purposes only. The author and The DeChained may hold positions in assets discussed in this or other articles.
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