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Crypto Exchange Kraken to List Shiba Inu, Fulfilling Nov. 1 Twitter Promise as SHIB’s Fortunes Fall

The announcement gave SHIB a price surge after a dismal November.

By Michael Bellusci
Updated May 11, 2023, 3:22 p.m. Published Nov 29, 2021, 7:55 p.m.
A Shiba inu, the dog breed that inspired both DOGE and SHIB, is getting a ride in cryptocurrency markets.
A Shiba inu, the dog breed that inspired both DOGE and SHIB, is getting a ride in cryptocurrency markets.

Cryptocurrency exchange Kraken will support the popular, Ethereum-based memecoin SHIB$0.0₅7945, which is expected to begin trading Tuesday, the company said in a blog post on its website Monday.

  • The announcement comes less than a month after Kraken failed to fulfill a promise in listing SHIB after its crypto platform product lead Brian Hoffman issued a Twitter “likes” challenge. Following an uproar among SHIB supporters, the company said there was “more work” to do as it moved through its token listing review process.
  • Kraken said Monday the minimum, required deposit is 373,000 SHIB, and that the coin will be tradable against the U.S. dollar and euro, with a trading minimum of 50,000 SHIB.
  • SHIB margin and futures trading will not be available for investors, the exchange said.
  • SHIB jumped over 16% at one point Monday as the broader cryptocurrency market continued to rally following Friday’s sell-off.
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BNB tops $870, outperforming crypto majors as volume surges

By CD Analytics, Francisco Rodrigues|Edited by Stephen Alpher
1 hour ago
"BNB price chart showing a 1.6% rise to $872 as it surpasses XRP in market rankings amid ecosystem growth and institutional interest."

Market participants are watching whether BNB can hold above $870 and challenge resistance at $880, with a break higher potentially targeting $900.

What to know:

  • BNB rose 2.5% to $872, outperforming the broader market which gained 1.4%.
  • The token's action showed higher lows and sustained gains, and increased trading volume.
  • Market participants are watching whether BNB can hold above $870 and challenge resistance at $880, with a break higher potentially targeting $900.
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