The Nasdaq-listed crypto exchange Coinbase has made shiba inu cryptocurrency available to New York residents, who can now trade, buy, sell and store SHIB on Coinbase. This announcement follows the exchange adding SHIB trading pairs.
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Coinbase Grows Its Shiba Inu Crypto Offerings
Cryptocurrency exchange Coinbase announced Friday that the shiba inu (SHIB) cryptocurrency is now available to residents of the U.S. state of New York. Coinbase tweeted Friday:
It’s official, SHIB is now available to trade, buy, sell and store on Coinbase for NY residents.
This announcement follows Coinbase adding some SHIB trading pairs. The official Twitter account for Coinbase Pro tweeted Wednesday:
SHIB-EUR & SHIB-GBP order books are now in full-trading mode. Limit, market and stop orders are all now available.
The price of SHIB soared Friday after dipping the previous day. At the time of writing, SHIB has risen 21% in the past 24 hours and 261% in the past 30 days. Over the past week, the coin fell almost 9%.
SHIB recently flipped rival dogecoin (DOGE) and became the world’s ninth largest cryptocurrency. At the time of writing, dogecoin has gained back its ranking and SHIB is now the 10th largest crypto by market cap.
On Monday, cryptocurrency exchange Kraken tweeted indicating that SHIB would be listed for trading on its platform starting Tuesday. However, the exchange did not come through and SHIB is still not listed on Kraken. “Community is an important part of our considerations for all listings, and you have clearly shown your support. There’s more work for us to do as we move through our listing review process,” Kraken tweeted after it failed to list SHIB Tuesday.
What do you think about Coinbase growing its SHIB offerings? Let us know in the comments section below.