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Kraken Adds Support For Shiba Inu (SHIB), Lists The Meme Cryptocurrency


Kraken is the eighth largest cryptocurrency exchange in the world as per Coingecko. Currently, it announced that it will kick off accepting trading of Shiba Inu (SHIB). So, Shiba Inu is a Dogecoin-inspired cryptocurrency gaining popularity after the rush of the meme tokens during the COVID-19 lockdown.

Furthermore, The exchange announces the sjporta as thus!

New Listing on Kraken: @Shibtoken 🐶$SHIB deposits begin NOW! Trading is live November 30.”

“➡️ Learn more:

https://t.co/yUUKaBXKBq pic.twitter.com/L2IUHugyG0 — Kraken Exchange (@krakenfx) November 29, 2021

More so, this shiba inu listing is likely the Platform’s most popular listing, with 41.2K likes in a single day and over 16.4K Retweets.

More so, as per Information by an official blog post, Kraken and Kraken Terminal will be available for Shiba Inu. However, this is not for futures and Margin Trading.

Lastly, It will be traded only against USD and EUR.

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.