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Shiba Inu (SHIB) Spikes Following Kraken Listing -Breaking

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Shiba Inu Spikes After Kraken Listing

Dogecoin-killer SHIB has received a top-tier listing. Kraken announced that SHIB is now active on their U.S.-based exchange. This announcement is less than one month after Kraken’s initial promise not to list SHIB.

Kraken has announced on November 29th that SHIB will now be available for trading against USD and EUR starting November 30th. The 20 confirmations required to deposit SHIB will take approximately five minutes.

Once the confirmations have been completed, users can deposit SHIB on their Kraken account by navigating to “Finance,” selecting the asset, and hitting “You can deposit.” Kraken announced that the minimum deposit is 373,000 SHIB, while a minimum of 50,000 SHIB is required for trading.

The Flipside

  • Some exchanges are hesitant about listing the Altcoin, which is Dogecoin inspired. This was due to regulatory concerns.

SHIB will be available on Kraken Terminal, Kraken Terminal, and Kraken Terminal. However, Kraken Futures and Margin Trading won’t be available for SHIB traders at launch.

Since the Kraken listing, SHIB’s price has jumped by more than 40%. SHIB’s price rose to $0.00003852 on November 29th. This was a record-breaking weekly high and set an all time new weekly high at $0.00005361.

Here is the 24-hour price chart for Shiba Inu. Source: Tradingview

SHIB traded at $0.000052, as of writing. Shiba Inu now has a market cap of $28.7 billion, which makes it the 11th largest crypto – just one place behind .

What are the reasons to care?

Shiba Inu’s top-tier listing is a sign that it is growing beyond its meme coin reputation.

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