We’re thrilled to announce that Kraken now supports Shiba Inu (SHIB)!
Funding and Trading
Funding is live, and we anticipate trading will begin tomorrow, November 30 — at which point Kraken will enable order entry and execution. Keep an eye on the status page for updates.
Deposits require 20 confirmations (~5 minutes). You can add SHIB to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. The minimum deposit is 373,000 SHIB.
SHIB will be tradeable against USD and EUR, with a trading minimum of 50,000 SHIB, a price precision of 8 decimal places and a quantity precision of 5 decimal places.
What is Shiba Inu?
Shiba Inu (SHIB) is an Ethereum-based memecoin inspired by Dogecoin, launched in 2020 by an anonymous developer known as Ryoshi. They state that the project was created as a response to a single question: What would happen if a cryptocurrency project was 100% run by its community?
Half of its supply of one quadrillion tokens was sent to Ethereum creator Vitalik Buterin, who donated ~$1 billion worth to India’s Crypto COVID Relief fund. He later burned the remaining tokens (an estimated 40% of the supply).
Which services will be available for SHIB?
Kraken and Kraken Terminal will be available for SHIB. Kraken Futures and Margin Trading won’t be available at launch.
Will Kraken list more assets?
Yes! But our policy is to never reveal any details until shortly before launch – not even which assets we are considering. All of Kraken’s listed tokens are available on our website, and all future tokens will be announced on Kraken’s blog and social media profiles. Our client engagement specialists cannot answer any questions about which assets we may be listing in the future.
Trade and invest with caution
Limit orders are recommended when trading starts since the markets may be illiquid initially. Be extremely careful with market orders and orders that trigger market orders (e.g. stop loss).
Listing an asset or token for trade is not a recommendation to buy, sell, or participate in the associated network. Do your own research and invest at your own risk.
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Source: https://blog.kraken.com/post/12098/shiba-inu-shib-deposits-are-live-trading-starts-november-30/
