On Tuesday (June 15), Coinbase announced that dog meme-based cryptocurrency SHIBA Token ($SHIB) will soon be listed on Coinbase Pro, its trading platform for experienced and professional traders.
This is how Coinbase described the SHIBA token (aka the “Shiba Inu” token):
“Shiba Inu (SHIB) is a token that aspires to be an Ethereum-based alternative to Dogecoin (DOGE), the popular memecoin. Unlike Bitcoin, which is designed to be scarce, SHIB is intentionally abundant — with a circulating supply of one quadrillion. The Shiba Inu Token ecosystem supports projects such as an NFT art incubator and the development of a decentralized exchange called Shibaswap.“
More specifically, Coinbase’s blog post said that:
- Coinbase Pro has started accepting inbound transfers of $CHZ, $KEEP, and $SHIB
- Support for $CHZ, $KEEP, and $SHIB will “generally be available in Coinbase’s supported jurisdictions with the exception of Singapore”
- $CHZ and $SHIB “will not be available to New York residents”
- “Trading will begin on or after 9AM Pacific Time (PT) Thursday June 17, if liquidity conditions are met.”
According to data by CryptoCompare, currently (as of 17:38 UTC on June 15), $SHIB is trading around $0.00000888, up over 26% in the past 24-hour period.
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The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
