Bitstamp Announces Shiba Inu Coin (SHIB) Listing

Following a growing interest in Shiba Inu (SHIB), Bitstamp, a Luxembourg-based cryptocurrency exchange, has announced that the dog-themed digital currency has been added to its platform.

In a blog post today, the exchange announced that it has offered two trading pairings for the cryptocurrency, namely SHIB/EUR and SHIB/USD.

Customers can start depositing Shiba Inu tokens to Bitstamp today, while users who want to buy the cryptocurrency can do so starting tomorrow, according to the release.

Users will be able to place limit orders starting at 7:00 a.m. UTC tomorrow, but these orders will not be filled until the exchange has sufficient liquidity. Users have till this time to cancel their orders before the matching process begins.

Bitstamp will begin matching all orders tomorrow at 11:00 a.m. UTC, according to the announcement. The exchange stated that once it has accumulated sufficient liquidity, it would begin full trading for the dog-themed cryptocurrency, including card purchases, as well as introduce more Shiba Inu trading pairs.

The fact that Shiba Inu is one of the most extensively used cryptocurrencies is no longer news, as the asset class is still listed on various platforms.

What Is Bitstamp?

Bitstamp, on the other hand, is a seasoned cryptocurrency exchange that was founded in the early days of the industry. The exchange began operations in 2011 and is headquartered in Luxembourg. Because of its minimal trading fees, Bitstamp distinguishes out among its competitors, and it has successfully onboarded millions of consumers around the world.

The cryptocurrency will be available to the millions of Bitstamp users with the addition of Shiba Inu.

Bitstamp is the 25th largest exchange, according to Coingecko, with a 24-hour trading volume of $215.8 million.

In another news, Shibarium is expected to release in June, paving the door for the debut of the layer-2 solution, according to reports on social media.

Shibarium is the most eagerly anticipated development for the Shiba Inu token, and investors believe its launch will allow SHIB to scale up in price in a sustainable manner.

Sahil likes to use his great writing skills to curate articles about Crypto and KPOP here at Clout News.