Bitstamp, One Of The Oldest Crypto Exchange Listed Shiba Inu

SYNOPSIS

  • Exchange of international cryptocurrencies Bitstamp will allow users to trade US dollars and euros for Shiba Inu cryptocurrency.
  • On Twitter, supporters of the Shiba Inu meme coin, dubbed the SHIB army, expressed their delight with this event.

Exchange of international cryptocurrencies Bitstamp will allow users to trade US dollars and euros for Shiba Inu cryptocurrency.

The move is notable since it adds to the list of businesses coming up to the meme-based dog currency that was created as a Dogecoin clone. Users will be able to deposit and withdraw funds in Shiba Inu using Bitstamp.

When the Bitstamp order books have enough liquidity, the business will permit all order types and card purchases for the new trading pairs.

According to CoinMarketCap statistics, SHIB is now trading at $0.00003672 (approximately Rs. 0.0028) per token and is held by 1,044,066 wallets.

On Twitter, supporters of the Shiba Inu meme coin, dubbed the SHIB army, expressed their delight with this event.

Shiba Inu was included as a payment option for tickets and goods purchases by the US-based movie theatre company AMC Theatres earlier this year.

Around that time, the Shiba Inu coin had a 50% increase and rose to become the 11th-largest cryptocurrency coin by market value, according to WatcherGuru.

SHIB support was introduced to two major cryptocurrency exchanges, Kraken and Gemini, in November.

Bitstamp is now expanding its trading choices to include dydx (DYDX), gala (GALA), and perpetual protocol (PERP).

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

“Limit orders will be accepted and cancelled, but they will not be matched.” As a result, no orders will be processed at this stage. Order matching will begin, and transactions will be processed as usual. “However, only a limited number of orders will be available,” the statement said.

When the Bitstamp order books have enough liquidity, the business will permit all order types and card purchases for the new trading pairs.

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