Coinbase Pro Announces SHIB Cryptocurrency Trading, causing the price of Shiba Inu Coin to skyrocket

shib chart 768x390

The price of the Shiba Inu cryptocurrency rose on Tuesday after Coinbase revealed that the meme cryptocurrency would begin trading on Coinbase Pro this week. Following Coinbase’s addition of Dogecoin trading, this notification was made.

Shiba Inu Trading is now available on Coinbase Pro
Coinbase stated Tuesday that the Shiba Inu (SHIB) crypto would begin trading on Coinbase Pro this week, after the listing of the meme cryptocurrency Dogecoin (DOGE) earlier this month. Some consider the ERC20 crypto shiba inu to be a viable alternative to Dogecoin.

Coinbase Pro users can now transfer shiba inu tokens into their accounts, according to the Nasdaq-listed company. Residents of New York, however, will not be able to use SHIB. The firm clarified:

If liquidity conditions are met, trading will begin on or after Thursday, June 17 at 9 a.m. Pacific Time (PT).

Chiliz (CHZ) and the Keep network (KEEP) are also mentioned in the announcement. Aside from Dogecoin, the company recently added Coinbase Pro trading support for a number of tokens, including Polkadot (DOT), Gitcoin (GTC), Enzyme Token (MLN), Amp (AMP), and Internet Computer (ICP).

Around the time of the Coinbase announcement, the price of the Shiba inu cryptocurrency increased by more than 30%. According to Coinbase data, the price of SHIB at the time of writing is $0.0000092, with a market cap of $3.6 billion.

Following the establishment of sufficient supply of the shiba inu cryptocurrency on the Coinbase Pro platform, trading of SHIB-USD and SHIB-USDT order books will begin in three stages: post-only, limit-only, and full trading, according to the company.

Dogecoin trading began on Coinbase earlier this month. On June 3, the company tweeted, “Our DOGE-BTC, DOGE-EUR, DOGE-GBP, and DOGE-USDT order books are now fully operational.” Limit orders, market orders, and stop orders are now all available.”

 

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