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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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Disclaimer

The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Albert
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

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