Shiba Inu Coin (SHIB) pumps, trading volume reaches $2 billion after listing on Coinbase

Shiba Inu Coin (SHIB) pumps, trading volume reaches $2 billion after listing on Coinbase


2021-10-19 18:19:26

Shiba Inu coin (SHIB) followers were surprised Friday morning after Coinbase, one of the largest and most heavily regulated cryptocurrency exchanges in the world listed the memecoin on the platform. their.

“SHIB is currently live on Coinbase and in the Coinbase iOS and Android apps. Coinbase customers can sign in now to buy, sell, convert, send, receive or store SHIB,” the exchange said in a tweet.

The move is a bit odd for Coinbase, which was previously very strict about the regulation of listing cryptocurrencies on their own platform. The company also went public earlier this year – more regulated and accountable when the coin is heavily involved in public money.

However, Coinbase is starting to make moves to attract more investors. They raised $2 billion by recording “debenture” this week to expand its product offering and listed “altcoin” at a faster rate this year.

“One of the most common requests we receive from customers is to be able to buy and sell more cryptocurrencies on Coinbase. We have announced an asset listing process, designed in part to push forward. fast the addition of more cryptocurrencies”, Coinbase said in a statement.

We are also investing in new tools to help people understand and discover crypto“, (Additional post)

Such moves help bolster Coinbase’s growing liquidity potential: They made over $1.2 billion in revenue in Q1 2021, but multiple reports claim they make them. more than that number.

About Shiba Inu:

Inspired by the adorable Shiba Inu dog breed, which has always had a special place in the online meme community, Shiba Inu was launched in August 2020 by a group of anonymous developers looking to emulate Dogecoin’s success.

This Token did not immediately attract the masses, but due to constant hype – partly “”antics” of Tesla CEO Elon Musk and his passion for Dogecoin on the social app Twitter – we’ve seen SHIB up 15,067.601 percent from its November low.

That turned every $1,000 invested in this Token you can earn $150 million.

SHIB rallied nearly 35% to a daily high of $0.00000932 after listing yesterday. Value of over $412 million of Coinbase listing at the time of writing, and over $2 billion traded across all exchanges combined.

The source: cryptoslate

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