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Shiba Inu Listed by Europe’s Biggest Crypto Exchange at the Eleventh Hour

The prolonged period of waiting is finally over for the Shib Army as Bitstamp, a crypto exchange operating out of Europe that has been in the crypto game since 2011, added the popular dog-themed cryptocurrency to its listings.

The Vibrant Community of Shiba Inu Has a Powerful Voice

On their official blog, the largest European cryptocurrency exchange explained that, while Shiba Inu (SHIB) might not look as serious as most other top cryptocurrencies, it has one of the largest communities. It goes without saying that the community is bound to grow further from this point onwards, as interest in cryptocurrencies among the general public continues to increase.

Dog lovers, the art community, and even Ethereum’s (ETH) founder Vitalik Buterin all call the Shib Army home, as is vividly explained in SHIB’s ‘Woof‘ paper.

For now, Bitstamp have made the following trading pairs available on the platform:

  • SHIB/EUR
  • SHIB/USD

SHIB will be available for trade in “limit-only” and “post only” modes. However, a more comprehensive list of trading types and card purchases will be unfurled once order books have enough liquidity to enable the full assortment of trade options to be carried out.

A Change in Perspective for Bitstamp

Last year, the former CEO of Bitstamp Julian Sawyer wasn’t keen on listing another well-known dog-themed cryptocurrency – Dogecoin (DOGE). After refusing to list DOGE on the platform, Sawyer cited technical issues as the reason to also deny a listing for Shiba Inu (SHIB), but left the company a month ago.

The new CEO, JB Graftieaux, was lifted from the headquarters of European operations to become the new global CEO. This definitely seems like a good start for the new CEO, as the promise of listing Shiba Inu (SHIB) was finally delivered upon.

Shiba Inu (SHIB) Price is Still in the Red

Despite the good news, Shiba Inu (SHIB) is trading at $0.00001058 at the tiime of writing, reflecting a dangerous decrease of 5.1% in the last 24 hours, and 13.2% compared to a week ago. However, Shiba Inu (SHIB) still maintains gains of 24% year-to-date, which suggests that long-term investment in the popular meme coin may be justified.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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Author

Tadas Klimasevskis is a blockchain journalist and content creator, focusing on the latest tendencies of the crypto world and digging deeper into specific innovations like music NFTs, gaming NFTs and Metaverse. Vast experience in social media lets Tadas quickly spot what’s going on in the crypto industry and deliver a story with a unique spin.