The cryptocurrency exchange Kraken announced support for the meme cryptocurrency shiba inu (SHIB). The deposit is now in effect, and SHIB trading is expected to start on Tuesday. After Kraken’s announcement, the price of SHIB soared.

SHIB on Kraken: Deposit is now online, trading will start tomorrow

The cryptocurrency exchange Kraken announced on Monday that shiba inu (SHIB) deposits are valid and trading is expected to start on Tuesday. The exchange wrote:

We are happy to announce that Kraken now supports shiba inu (SHIB).

“Funding is real-time, and we expect trading to start tomorrow, November 30th-when Kraken will enable order entry and execution,” the exchange clarified, noting that futures and margin trading services will not be available when they are launched.

shiba inu tokens will be traded with U.S. dollars and euros on Kraken. Detailed information will be announced and added that the minimum transaction volume is 50K SHIB, the price precision is 8 decimal places, and the quantity precision is 5 decimal places.

In addition, Kraken explained that SHIB deposits require 20 confirmations, which is estimated to take about 5 minutes. The minimum deposit is 373K SHIB.

At the time of writing, the price of SHIB rose from $0.00003899 before Kraken’s announcement to $0.00004422, an increase of more than 13%.

Shiba inu cryptocurrency investors have been waiting for nearly a month until Kraken fulfilled its promise on SHIB.Change Tweet On November 1, if its tweet gets 2K likes, the platform will list SHIB the next day. Supporters of SHIB have received more than 45,000 likes in a given time frame. However, Kraken did not fulfill its promise.

The exchange posted a tweet on November 2 instead of listing SHIB: “The community is an important part of our consideration of all listings, and you have clearly expressed support. As we go through the listing review process, we have more work to do Do.”

At the same time, supporters of shiba inu cryptocurrency are still Petition Listed SHIB for trading platform Robinhood. At the time of writing, the petition has received more than 540,000 signatures.However, Robinhood recently stated that it is Not in a hurry to list Additional cryptocurrency. Another major cryptocurrency exchange, Gemini, This month also added support for SHIB.

What do you think of Kraken’s final listing of SHIB? Please let us know in the comments section below.

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