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Home Crypto News Market Why Shiba Inu (SHIB) Price is Soaring Right Now? Is It Robinhood...

Why Shiba Inu (SHIB) Price is Soaring Right Now? Is It Robinhood or Kraken, or Anything Else?

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Shiba Inu is showing some bullish reaction right now. So, what’s the news behind this?

Duncan Gray just posted a tweet:

 

It’s official: Kraken just uploaded a blog post that states:

“Shiba Inu (SHIB) Deposits Are Live! Trading Starts November 30”

Just after the news, Shiba Inu price shows an eye popping reaction and went up 11.67% to $0.00004155, with a 24-hour trading volume of $2,152,046,358.05 USD, up 24.09% from the previous session. The current CoinMarketCap ranking is #12, with a live market cap of $22,772,966,323 USD. It has a circulating supply of 549,044,702,896,615 SHIB coins and the max. supply is 589,736,684,631,895.

Kraken blogpost states that:

“We’re thrilled to announce that Kraken now supports Shiba Inu (SHIB).

Funding and Trading:

Funding is live, and we anticipate trading will begin tomorrow, November 30 — at which point Kraken will enable order entry and execution. Keep an eye on the status page for updates.

Deposits require 20 confirmations (~5 minutes). You can add SHIB to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. The minimum deposit is 373,000 SHIB.

SHIB will be tradeable against USD and EUR, with a trading minimum of 50,000 SHIB, a price precision of 8 decimal places and a quantity precision of 5 decimal places.”

Which services will be available for SHIB?

Kraken and Kraken Terminal will be available for SHIB. Kraken Futures and Margin Trading won’t be available at launch.

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Albert Brownhttps://thecryptobasic.com/
Albert Brown is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. Holds major cryptocurrencies and has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

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