Leading crypto exchange Coinbase has added support for Shiba Inu, and the coin’s price is now up by 30%.
Coinbase adds support for Shiba Inu
US-based cryptocurrency exchange Coinbase announced yesterday that it now supports Shiba Inu (SHIB) token on its platform. Coinbase customers can now trade Shiba Inu on Coinbase.com and the exchange’s mobile apps on iOS and Android.
— Shib (@Shibtoken) September 16, 2021
This latest development comes a few days after Coinbase added support for the token on its professional trading platform. Shiba was supposed to go live on Coinbase Pro in June but was delayed due to a technical issue.
SHIB rallied by more than 30% since Coinbase listing
The price of SHIB has been up by more than 30% since Coinbase announced that it had added the coin to the Coinbase.com platform. Shiba Inu is an Ethereum based decentralized meme token and was created to provide stiff competition to fellow meme coin Dogecoin. In the past year, SHIB has been up by 877,7110.7%
Coinbase has stepped up its game this year and remains committed to listing coins faster than in the past. The cryptocurrency exchange has listed numerous cryptocurrencies on its trading platforms since the start of the year.