Kraken Teases Possible Shiba Inu Listing in Twitter Post


Giant cryptocurrency exchange Kraken announced via its official Twitter handle yesterday about the possibility of listing Shiba Inu (SHIB) on its platform. The product lead at the company, Brian Hoffman, stated that if the tweet from the Kraken handle gets 2K likes, the crypto exchange will list SHIB. At press time, the tweet has gathered 14.6K retweets and 54.1K likes.

Kraken, which came to be on July 28, 2011, by Jesse Powell, boasts having the highest euro trading volume and liquidity among any other crypto exchange globally. According to its website, Kraken’s client base trades over 60 digital assets and seven fit currencies, including the euro (EUR), US dollar (USD), Canadian dollar (CAD), British pound (GBP), Japanese yen (JPY), Swiss franc (CHF), and Australia dollar (AUD).

The crypto exchange boasts of receiving the first state-chartered banking license from the US authorities and has over 7 million traders worldwide.

While Kraken has not confirmed a date for the listing of Shiba Inu, a Twitter user claims to have received inside information of a listing today (Tuesday), adding that: “We do not have an exact time when it is being listed, but there should be an update tomorrow.”

Kraken Listing Shiba Inu a Significant Milestone: SHIB Army

Proponents of SHIB see a listing on Kraken as a significant milestone and project a frenzied bullish response on confirmation. A SHIB supporter recently tweeted that: “Bullish news for SHIB, expecting a bump in price once it becomes available for trade here. Kraken is probably going to make a pretty penny from exchange fees too.”

Meanwhile, the SHIB Army (Shiba Inu supporters and enthusiasts) have called on Robinhood to list the meme coin. A petition on to persuade Robinhood to list the coin has gathered 465,846 votes out of 500,000 votes (press time data). This comes amid considerations by AMC Theaters to accept SHIB alongside Dogecoin and other cryptocurrencies for payments.

Shiba Inu remains one of this year’s best performers with an 830% rally in October alone, which helped it overtake Dogecoin as the ninth-largest cryptocurrency in terms of valuation.


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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.