Bitstamp, a cryptocurrency exchange, has included Shiba Inu as a trading option.

Exchange of cryptocurrencies on a global scale Bitstamp will let users to trade Shiba Inu cryptocurrency for US Dollars and Euros. The move is notable because it adds to the growing number of companies warming to the meme-based dog coin that was established as a Dogecoin knockoff. Users will be able to deposit and withdraw funds in Shiba Inu using Bitstamp. According to CoinMarketCap, SHIB is now trading at $0.00003672 (approximately Rs. 0.0028) per token, with 1,044,066 wallets holding the coin.

On Twitter, supporters of the Shiba Inu mem coin, known as the SHIB army, have expressed their delight at this development.

Shiba Inu was added as a payment option for tickets and merchandise purchases by AMC Theatres, a movie theatre company located in the United States, earlier this year.

According to a study published by WatcherGuru at the time, the Shiba Inu coin had experienced a 50% increase in value and had risen to the 11th-largest cryptocurrency coin by market capitalization.

Kraken and Gemini, two large crypto exchanges, introduced support for SHIB in November.

Bitstamp is also offering trading options for dydx (DYDX), gala (GALA), and perpetual protocol (PERP) on its platform.

The newly introduced cryptocurrencies on Bitstamp are already available for deposits and withdrawals, but trading is not yet possible, according to a blog post published by the crypto exchange.

“Limit orders will be able to be placed and cancelled, but they will not be matched.” As a result, no orders will be fulfilled during this time. Order matching will begin, and transactions will proceed as usual. Only a limited number of orders will be available, according to the message.

As soon as the Bitstamp order books have enough liquidity, all order types and card purchases for the new trading pairs will be available.

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