The price of the Shiba-Inu cryptocurrency got a boost on Tuesday after Coinbase announced that the meme crypto will start trading on Coinbase Pro this week. This announcement follows that Coinbase is adding Dogecoin trading.
Coinbase Pro adds Shiba Inu Trading
Following the listing of the meme cryptocurrency Dogecoin (DOGE) earlier this month, Coinbase announced on Tuesday that the cryptocurrency Shiba Inu (SHIB) will be trading on Coinbase Pro this week. The ERC20 crypto Shiba Inu is viewed by some as an alternative token to Dogecoin.
The Nasdaq-listed company says Coinbase Pro users can now transfer Shiba-Inu tokens to their accounts. However, SHIB is not available to New York residents. The company made it clear:
Trading will begin on or after 9:00 a.m. Pacific Time (PT) Thursday, June 17th when liquidity conditions are met.
The announcement also covers Chiliz (CHZ) and the Keep Network (KEEP). In addition to Dogecoin, the company recently added trading support for a range of tokens on Coinbase Pro, including Polkadot (DOT), Gitcoin (GTC), Enzyme Token (MLN), Amp (AMP), and Internet Computer (ICP).
The price of the Shiba Inu cryptocurrency rose by over 30% at the time of Coinbase’s announcement. At the time of writing, the price of SHIB is $ 0.0000092 and its market cap is $ 3.6 billion based on data from Coinbase.
As soon as a sufficient supply of the Shiba Inu cryptocurrency has been established on the Coinbase Pro platform, trading in SHIB-USD and SHIB-USDT order books will begin in three phases, post-only, limit-only and full trading the company explained.
Coinbase started trading Dogecoin earlier this month. The company tweeted on June 3rd: “Our order books for DOGE-BTC, DOGE-EUR, DOGE-GBP and DOGE-USDT are now in full trading mode. Limit, market and stop orders are all available now. “
What do you think of Coinbase Pro listing Shiba-Inu coins? Let us know in the comment section below.
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