Cryptocurrency exchange Kraken has officially announced that it has listed Shiba Inu (SHIB) on its platform. The announcement, which came through a tweet, stated “Shib deposits begin now! Trading is live on November 30th.
This move was completely unforeseen after Kraken failed to list the token in early November as expected. “There’s more work for us to do as we move through our listing review process,” said Krakens declination post on Twitter. So the announcement of Kraken now suppose SHIb has come as such a relief to many of the token’s enthusiasts.
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Funding and Trading Shiba Inu on Kraken
”The Kraken team made it clear that funding has already gone live. They also added in a blog post, that, “We anticipate trading will begin tomorrow, November 30 — at which point Kraken will enable order entry and execution.”
On average, SHIB deposits on Kraken will take about five minutes, and will require at least 20 confirmations. You can access the deposits on the Funding tab, and the least amount you can possibly deposit is 373,000 SHIB. It is also official that SHIB will trade against the EUR and USD, and a 50000 SHIB trading minimum.
What Kraken Services Will SHIB Get?
Given that SHIB is just launching on Kraken, services like Margin Trading and Kraken Futures won’t be available. But, this is only subject to the launch perion, and the crypto exchange hopes to incorporate them over time. At the moment however, SHIB investors on Kraken can access Kraken and Kraken Terminal.
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Which Tokens Will Kraken List in Future?
As to which token Kraken will least next, the crypto exchange has stated
“…our policy is to never reveal any details until shortly before launch. Not even which assets we are considering.” Even so, Kraken has made it clear that more assets stand a chance to get listed on their platform.
For the time being, Kraken is advising all investors to trade carefully when trading goes live. “When trading starts, markets may be illiquid,” Kraken advised.“ “Be extremely careful with market orders and orders that trigger market orders.” It would also help to check for any updates on Kraken’s status page.