Major Crypto Exchanges Now Supporting Shiba Inu?

7:54 am, Mon, 15 November 21

Shiba Inu (SHIB) is getting quite the recognition and support. News has now circulated that the canine-themed crypto asset is being supported by major cryptocurrency exchanges, including Gemini.

The Gemini exchange is one of the top platforms in the United States of America. It is a licensed and regulated crypto exchange that aims to make it quick and easy for people to buy digital currencies. If you are interested in using the exchange you can learn more details about it by taking a look at our detailed Gemini review.

However, Gemini is not the only major exchange that has listed Shiba Inu. This indicates that the significance of the meme coin is increasing. This has left people wondering if SHIB would soon outperform the prominent meme coin, DOGE.

There are a few details to know about this latest update, however, if you are interested in buying digital assets like BTC or ETH, you can click on SwissBorg or Kraken (U.S. citizens).

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How Many Crypto Exchanges Have Now Listed Shiba Inu?

Shiba Inu was somewhat created as an experiment but it has now gained more recognition than many expected. Some people even believe it to be a competitor of the famous meme coin, DOGE.

SHIB has also seen quite some price fluctuations over the last week as shown in the graph by CoinMarketCap below.

shib-graph-15-11-2021

Despite the ups and downs in the price of Shiba Inu, it has been listed by a few prominent crypto exchanges.

Apart from Gemini, other exchanges that now support Shiba Inu include:

  • Binance
  • KuCoin
  • Coinbase

Kraken reportedly intended on listing Shiba Inu but later dropped the plan. Users of the Robinhood exchange have also started a petition to get SHIB listed on the platform.

The Shiba Inu ecosystem is undoubtedly expanding as Gemini is one of the best crypto exchanges in the USA. However, it is not the only cryptocurrency that has been listed by the Gemini exchange.

Other digital assets that have been listed by Gemini are:

  • Audius (AUDIO)
  • Burn (ASH)
  • Fetch Al (FET)
  • Mask Network (MASK)
  • Numeraire (NMR)
  • Quant (QNT)
  • Radicle (RAD)
  • SuperRare (RARE)
  • Wrapped Centrifuge (wCFG)

The Gemini exchange also plans on supporting other tokens such as metaverse, new DeFi, data management and infrastructure tokens.

If you are interested in buying the meme coin Shiba Inu, you can either use any of the crypto exchanges mentioned above or you can opt for decentralized exchanges such as Uniswap.

What Should Novice Investors and Traders Know?

Crypto investors or traders who are new to the crypto space should know the difference between digital currencies like Bitcoin and Ethereum and meme coins such as Dogecoin and Shiba Inu.

Crypto assets such as BTC or ETH are well-established and have higher values than other digital currencies in the market. The meme crypto assets, on the other hand, are usually short-lived, even though that has not been the case with DOGE or SHIB yet. Meme coins are mostly overlooked by major crypto exchanges due to this reason.

Shiba Inu and Dogecoin are the top two most prominent meme crypto assets and are doing considerably well.

However, if you want to invest in cryptocurrencies such as BTC or ETH, make sure you choose a platform from the top crypto exchanges in USA.

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