Shiba Inu (SHIB) gets listed on Kraken

By: Ali Raza
Ali Raza
Ali plays a key role in the cryptocurrency news team. He loves travelling during his spare time and enjoys… read more.
on Nov 30, 2021
  • Major crypto exchange Kraken just listed Shiba Inu (SHIB) on its Kraken and Kraken Terminal platforms.
  • The popular meme coin saw a major price boost in the last 24 hours due to the listing, going up by over 20%.
  • SHIB deposits were live since November 29th, while trading is expected to start today, November 30th.

Shiba Inu (SHIB/USD) meme coins conquering of the crypto industry continues, this time with another major listing. According to its recent announcement, cryptocurrency exchange Kraken just added the token with deposits already being possible, and with trading starting today, November 30th.

Kraken adds SHIB, trading to start today

Shiba Inu has been exploding over the last several months, even outranking Dogecoin (DOGE/USD) itself at one point. The coin currently sits right below DOGE, and just outside the top 10 largest cryptos by market cap list. While DOGE is the 10th largest with a market cap of $28.6 billion, SHIB is just below as 11th largest and has a market cap of $26.2 billion.

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With the coin getting listed on Kraken’s exchange, SHIB skyrocketed by 22.84% in the last 24 hours, seeing an 11.23% weekly surge. If the surge continues, DOGE might end up being the one pushed out of the top 10 list in the next few days.

Kraken’s announcement revealed that SHIB funding is already live and that trading will start later today, November 30th. Once it does, Kraken will enable order entry and execution, and the status page will bring the new updates that will announce the beginning.

As for deposits, they currently require 20 confirmations, which should take approximately 5 minutes. Users can add SHIB to their Kraken account by navigating to Funding, selecting an asset, and then clicking the Deposit button. At this time, the minimum deposit is 373,000 SHIB.

Kraken also noted that the meme coin will be paired against USD and EUR, with a trading minimum of 50,000 SHIB.

Kraken plans to support SHIB on Kraken and Kraken Terminal, but Kraken Futures and Margin Trading will not be available at this time. Whether or not the exchange might change this in the future remains to be seen. And, of course, Kraken confirmed that it is always on the lookout for new assets to add to its list, although it will keep true to its policy of not revealing details until shortly before launch.

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