The exchange made Shiba Inu trading available in the United States based on growing customer demands.
Bitstamp has announced that it has expanded the availability of Shiba Inu (SHIB) trading for its United States clients.
— Bitstamp (@Bitstamp) October 25, 2022
According to an announcement today, Bitstamp customers residing in the United States can now trade Shiba Inu in two trading pairs, SHIB/USD and SHIB.EUR.
Bitstamp has made Shiba Inu available for trading in other locations outside the United States. Bitstamp customers in the U.S. have been calling on the exchange to enable trading for SHIB in the country. Per the announcement, the Luxembourg-headquartered cryptocurrency exchange chose to make Shiba Inu trading available in the United States following increased customer demands.
“After first listing SHIB in other markets, we’re expanding the availability of the popular dog-themed token for our US-based customers who can now buy and trade it on Bitstamp,” the exchange stated.
Growing Interest in Shiba Inu
Interest in Shiba Inu has grown tremendously over the past months. Many are confident that the asset class has enormous growth opportunities based on the many initiatives associated with cryptocurrency. Despite launching as a memecoin, Shiba Inu’s utility has continued to expand beyond what many envisioned.
In just two years, Shiba Inu has a decentralized exchange, a non-fungible token, a metaverse, Play-to-Earn (P2E) game, etc. The team behind the project is also planning to launch a Layer-2 blockchain network and a stablecoin. These exciting features have contributed to the surging interest in SHIB among investors.
Launched in 2013, Bitstamp is a centralized cryptocurrency exchange based in Luxembourg. According to data from Coingecko, the exchange has listed 75 different coins under 171 trading pairs. The exchange is ranked as the 27th-largest cryptocurrency exchange, with a 24-hour trading volume of $123,579,329.