Crypto News

Kraken Enables Shiba Inu (SHIB) Deposits

On Monday, Kraken, a US-based cryptocurrency exchange, announced that deposits with Shiba Inu (SHIB) would be available starting November 30 on its platform. Also, the feature includes enabling order entry and execution.

The crypto exchange clarified that deposits would require 20 confirmations or five minutes, and the minimum deposit was set at 373,000 SHIB. Also, Kraken mentioned that the “Dogecoin killer” will be tradeable against the Euro and the US Dollar with a minimum of 50,000 SHIB required.

Although the company mentioned that they’re set to list more crypto assets, they have as a policy to not reveal any details until shortly before launch.

Recently, CoinGate announced the official integration of Shiba Inu within its offering, allowing traders and merchants to use the token. As a result, CoinGate users, merchants, traders, and Gift Card Shoppers can now accept, buy, trade, or spend this meme coin.

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The company pointed out that people would be able to purchase the coin at a 1% rate through its trading system, allowing over 500 CoinGate merchants to accept Shiba Inu as a means of payment for their shoppers. That said, gift cards with SHIB will be available through CoinGate’s store.

Binance and SHIB/DOGE Pair

Early this month, Binance, a major cryptocurrency exchange, announced that it would open trading for SHIB/DOGE trading pair. With this, Binance becomes the first major cryptocurrency exchange for offering a trading pair of two meme tokens. Moreover, it is being introduced when the prices of both the tokens are surging rapidly despite having no intrinsic value.

Shiba Inu, which is marketed as a Dogecoin killer, saw a significant surge in recent months. It has even become one of the fastest-growing cryptocurrencies. Additionally, the Dogecoin rally earlier this year received mainstream attention as Elon Musk, the world’s richest man, turned out to be one of the major proponents of the meme token, constantly tweeting in its support.

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