- Coinbase makes Shiba Inu trading available for New York residents.
- Coinbase announced two new SHIB trading pairs (SHIB-EUR; SHIB-GBP)
- SHIB holders are regaining confidence after prices went down over 30% last week.
Shiba Inu, the ace meme coin has been listed on Coinbase for New York residents. The second-largest crypto exchange announced this on Friday through an official pinch. Coinbase besides added SHIB-EUR and SHIB-GBP trade pairs .
The news brought sighs of relief for the SHIB community, as investors have been experiencing FUD ( fear, uncertainty, doubt ) after SHIB was bearish for a week. however, the popular meme coin cursorily started to climb back up on Friday good morning. SHIB went up to $ 0.0000649 in the death 24 hours, but the Shiba Inu community is still waiting for the meme coin to drop another 0 .
A rollercoaster week for Shiba Inu
By adding Shiba Inu to its NY listing, Coinbase has shown confidence in the mint which could potentially translate to a public vote of confidence in the nominal. Shiba Inu went up by over 700% in the month of October. This improbable growth brought a bunch of fresh investors into the crypto diligence. however, the extreme volatility of this coin has affected the investor ’ s confidence to hold SHIB for the long term. so, the Coinbase NY listing will decidedly give the community a much-needed confidence rise.
Earlier this workweek, another democratic crypto exchange Kraken promised to list Shiba Inu on its platform by Tuesday. however, they didn ’ metric ton follow through on their promise, stating that “ there ’ s much exploit to be done ”, which unsurprisingly raged the integral SHIB community.
Since its ascend, Shiba Inu has been the center of a lot of talk through one’s hat news program and forge promises. The popular US exchange platform Robinhood has continuously teased the list of SHIB for weeks nowadays. Earlier stopping point week, there were besides rumors of Tesla accepting Shiba Inu as payment along with Bitcoin. however, all of these hush remain rumors, adding to the frustration of the SHIB community.
The Coinbase NY number has already given SHIB is good to push out of the bearish swerve, and it can go a batch far if other exchanges like Kraken besides follow through on their promises. In its prime, SHIB took over Dogecoin ’ sulfur market detonator, recording a new all-time high gear concluding calendar month. indeed, careless of its volatility, there are still positive hopes for this meme coin heading to the year-end .
SHIB is presently trading at $0.00005921, at the time of write .
