Coinbase announces support for Shiba Inu trading in its platform
Coinbase team announced today that it already has support on its main platform for trading operations with Shiba Inu (SHIB), the Dogecoin-inspired token that at the time generated quite a stir between enthusiasts and investors.
This was announced in a statement published on its official page, where they report that the SHIB token is available for purchase, sale, storage and exchange operations through its platform, as well as in the exchange’s applications for devices with Android and iOS.
Originally Coinbase had plans to officially launch Shiba Inu through its various platforms in mid-June. However, due to a series of technical inconveniences, the launch was postponed until the beginning of September.
At that time the team indicated that the launch of Shiba Inu through Coinbase and its associated products would be done later.
The exchange operations between one token or another are carried out directly, without a system of commercial orders, at the average dictated by the market for that moment.
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Regarding the incorporation of digital currency, the team wrote:
“One of the most common requests we hear from customers is to be able to buy and sell more digital currencies on Coinbase. We announced an asset listing process, designed in part to accelerate the onboarding of more cryptocurrencies. We are also investing in new tools to help people understand and explore cryptocurrencies. We launched informational asset pages (see SHIB), as well as a new section of the Coinbase website to answer common questions about said cryptocurrency. “
The incorporation of SHIB in Coinbase comes a few days after Binance, the international exchange with the highest volume of operations, reported that the token was already available for commercial operations in the US through Binance.US.
Another platform that also took the step and listed Shiba Inu at the end of July was eToro, which indicated that the measure came about due to the great demand it had from the group of users calling themselves Shiba Inu Army, who lobbied for the token to be incorporated into the respective commercial listings.