Coinbase‘s main website and mobile applications now support SHIB trading.
Shiba Inu (SHIB) has been added to Coinbase’s direct exchange, according to the crypto trading company’s statement.
Shiba Inu is now listed on Coinbase.
Investors will be able to purchase, sell, and send Shiba Inu via Coinbase’s online exchange today. In addition, users of Coinbase’s iOS and Android applications have access to the same functionality.
The currency wants to be an Ethereum-based equivalent to Dogecoin (DOGE), the popular meme coin, according to Coinbase.
The exchange highlighted Shiba Inu’s economics, which noted the token’s finely-denominated supply of one quadrillion tokens. It also praised the coin’s ecosystem, which includes a decentralized exchange and an NFT initiative.
It remains to be seen if Shiba Inu‘s validity will be maintained. However, one of the numerous tokens that looked identical and were developed to cash in on Dogecoin’s success earlier this year.
Shiba Inu is perhaps not remarkable in and of itself; rather, it is notable for having defeated its many opponents.
The price of SHIB has increased by 25%.
SHIB’s market value has increased as a result of Coinbase’s IPO. The coin’s value increased by almost 25% in the hours following its addition, reaching $0.00000841. (8.4 cents per 10,000 tokens).
On September 9, the SHIB cryptocurrency was listed on Coinbase Pro, the company’s professional exchange. Shortly after the listing began, the token’s price soared as well.
In comparison to the coin’s early values, this increase isn’t as apparent. For example, SHIBA hit an all-time high of $0.00003532 in May, just a few months after its inception (35.3 cents per 10,000 tokens).
Regardless, Shiba is still one of the top 50 most valuable tokens. According to CoinGecko, it has a market value of $1.2 billion.