Cryptocurrency exchange Kraken has added support for Shiba Inu, ending a lengthy listing process that began earlier this month. As far as deposits are concerned, a minimum deposit of SHIB 3,73,000 worth $16 (approximately Rs 1,201) has been established, while the exchange is also open for trading at the time. publication point. Kraken announced on November 1 that if it gets 2,000 likes on a tweet, it will add support for the Shiba Inu. The crypto exchange has finally issued a confirmation announcement after a month of waiting during which the tweet attracted more than 83,000 likes.
Kraken said in a blog post That trade will go live on November 30th, at which point it will allow order entry and execution. The coin will be tradable against US Dollars and Euros, with a minimum trade of 50,000 Shiba Inu worth Rs. 182.59. The blog also clarified that only Kraken and Kraken Terminal exchange services will be available to SHIB at this time. Kraken Futures and Margin Trading will not be available at launch.
Kraken has a reported six million users, giving ShibArmy a strong 1 million plenty of space to expand. It joins like Binance, Coinbase, Gemini and Indian exchange CoinDCX to support Shiba Inu. After a successful listing on Kraken, 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 more than 5,00,000 signatures.
So far, November has proven to be bearish for the Shiba Inu as it lost more than 50% of its value from its all-time high of $0.0000885 in October. According to CoinGecko, Dogecoin-rival has lost more than 25% in the last 30 days alone. But despite the continuous drop in value, the SHIB community is still focused on building the ecosystem.
The Shiba Inu group recently announced super reverse aspiration with the launch of its game venture. William Volk, former VP of technology at Activision, helped them develop NFT Play-To-Earn games.
At the time of publication, Shiba Inu is 11th largest cryptocurrency, surpassing Avalanche with a market capitalization of over $27 billion (approximately Rs 2,02,989.74 crore). SHIB has gained more than 25% in the last 24 hours according to the listing news.
