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Shiba Inu listed on Coinbase

Photo of: Joseph Stone
by Joseph Stone

If you’ve heard of Dogecoin, you may also be familiar with its biggest rival Shiba Inu! In a rather complicated environment for cryptos, the price of Shiba Inu has seen a real boost recently following its listing on Coinbase Pro.

Just a few weeks ago, Dogecoin became available on Coinbase Pro which did not fail to boost its price. This time, it’s the turn of the Dogecoin killer, the Shiba Inu (SHIB)! Indeed, on Tuesday June 15, 2021, it was officially announced that the Shiba Inu crypto could be traded on Coinbase Pro.

The Coinbase company announced that Shiba Inu trading would be available starting Thursday, June 17. The announcement also includes the listing of other cryptos such as Chiliz (CHZ) and Keep Network (KEEP).

“Starting today, Tuesday, June 15, transfer CHZ, KEEP and SHIB to your Coinbase Pro account before trading. CHZ, KEEP and SHIB management will be possible in Coinbase supported jurisdictions, with the exception of Singapore. CHZ and SHIB will not be available to New York residents. Trading will begin on Thursday, June 17 at 9:00 a.m. Pacific Time (PT), if liquidity conditions are met. ” Coinbase

For the past few weeks, SHIB enthusiasts have been looking rather grim. Indeed, Shiba Inu has more or less suffered the same fate as other cryptos by being hit hard by the May 2021 crash. The listing on Coinbase should bring the meme cryptocurrency in the hands of more investors.

Also, this announcement was very well received by SHIB holders. The price of Shiba Inu was indeed boosted immediately with a +30% before coming down somewhat. The price is currently stabilizing. At the time of writing, the SHIB price is up over 20% in the last 24 hours, the second-best performance when all cryptos are considered. At the moment, the price of SHIB is $0.000008.