Kraken announced that they will be listing Shiba Inu on Monday through a tweet on their page.
Source: Watcher Guru Twitter
The Shiba Inu Listing
Instead of an official announcement, Kraken announced Shiba Inu’s listing in an unexpected way. Kraken’s product manager, Brian Hoffman, encouraged the #SHIBArmy to give the tweet 2,000 likes to get SHIB listed on the marketplace.
Of course, the #SHIBArmy did not disappoint. The tweet has currently amassed over 33k likes. This listing will be a massive milestone for the meme coin if Kraken follows through on their word.
This listing would reflect the fruits of #SHIBArmy to get the cryptocurrency listed on the exchange. There is a petition by the SHIB community on change.org to get the meme coin listed on Kraken. This petition which needs 500 signatures, has currently garnered 205 signatures.
It has been a good year for the “Dogecoin killer” through the support of its fast-growing community. One of the meme coin’s significant milestones was its listing on the US’ largest crypto exchange, Coinbase in mid-September. This listing helped with the crypto coin’s massive rally in October.
Another major win for Shiba Inu is the latest listing announcement by Binance. Binance announced a trading pair that would allow Shiba Inu to trade against Dogecoin. This pair will become available on November 2nd.
However, Robinhood is dragging its feet with listing Shiba Inu, an action the SHIB community is not happy about. The SHIB community had started a petition on Change.org to get Shiba Inu listed on Robinhood. The petition has currently amassed over 450,000 signatures.
According to CoinMarketCap, Shiba Inu’s market value is currently up 22% over the past 24 hours.
More on Kraken Exchange
Kraken is a San Francisco-based cryptocurrency exchange facilitating trading crypto using various fiat currencies like the Japanese yen, US dollars, euros, and Canadian dollars. The cryptocurrencies that have gained a lot of traction on the exchange are Bitcoin, Ethereum, Monera(XMR), and EOS.
Established in 2011, the Paywars Inc owned crypto exchange is also one of the largest in the world. It, however, launched operations in 2013. Kraken’s current head is its co-founder and CEO, Jesse Powell.
The platform has a user base of more than six million people. Since the beginning of 2021, its monthly trading volumes have consistently exceeded $1 billion.
What makes Kraken stand out from other exchanges? The platform also caters to the various needs of traders and investors by offering a variety of accounts. Various crypto enthusiasts and large trading firms frequent the platform to trade.
Earlier this year, Kraken had announced its plans to go public in 2022. This move would make it the second exchange in the US after Coinbase to go public. While speaking to Bloomberg TV, Powell revealed that the firm is “doing all the prep work” to become a public company. He, however, declined to give a target evaluation.