After scoring the support of one of the USA’s largest exchanges Gemini, the canine-themed crypto asset has also got the support of one of the country’s oldest exchanges.
As of today, people interested in trading the meme coin Shiba Inu (SHIB) can do so on the Kraken exchange.
Kraken was established in 2011 and is one of the most well-known platforms in the crypto market. It is also a prominent exchange in the United States and offers support to digital assets such as Bitcoin and Ethereum.
Therefore, whether you want to buy BTC, ETH or SHIB, you can click on Kraken, one of the best crypto exchanges in the USA. If you are not in the USA and want to purchase crypto then you can click on SwissBorg.
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Kraken Exchange and Trading Shiba Inu
Inspired by the original meme coin Dogecoin (DOGE), Shiba Inu is the second-most popular meme crypto asset. This digital asset stands out among other minor meme coins.
As compared to the well-established digital assets like BTC or ETH, the fame of meme coins is thought to be short-lived. However, DOGE and SHIB have gone against all odds and seen an immense surge in popularity, which began during the COVID-19 lockdown.
According to CoinGecko, Kraken is the eighth-largest digital currency exchange in the world and announced to support SHIB through Twitter today.
It seems that Kraken is quite enthusiastic about providing the user base what they want, which is to trade SHIB. The listing of the meme crypto asset is the most popular listing on Kraken.
Earlier this month, the Kraken exchange posted a tweet in which the Community Management team stated that they would list Shiba Inu if the tweet got more than 2,000 likes.
The tweet got more than 80,000 likes, making it the most popular tweet of the exchange.
The team informed the community beforehand that their word would be fulfilled, even though it may take a little time as listing processes can be lengthy.
Now, after seeing Kraken’s tweet for today, it is clear that the exchange did not let the community down. As per reports, Kraken and Kraken Terminal will be available for the meme coin, however, margin and futures trading will not be available yet.
Kraken is one of the best crypto exchanges in the market and if you are interested in using it then you can take a look at our detailed Kraken review.
Can a Price Surge be Seen for Shiba Inu?
Shiba Inu has seen some price corrections over the last few weeks and is now trading at $0.00004793 (at the time of writing).
The meme coin has done quite well over the last 24 hours, as seen in the graph by CoinMarketCap below.
With its listing on some of the most popular crypto exchanges, it is anticipated to see a further price surge. However, whether it occurs or not, is yet to be seen in real life.
Meanwhile, if you are interested in buying digital assets like BTC, ETH or SHIB, make sure you choose the best crypto exchange to do so.
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