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Crypto Exchange Kraken to List Shiba Inu, Fulfilling Nov. 1 Twitter Promise as SHIB’s Fortunes Fall

The announcement gave SHIB a price surge after a dismal November.

Updated May 11, 2023, 3:22 p.m. Published Nov 29, 2021, 7:55 p.m.

Cryptocurrency exchange Kraken will support the popular, Ethereum-based memecoin shiba inu

, which is expected to begin trading Tuesday, the company said in a blog post on its website Monday.

The announcement comes less than a month after Kraken failed to fulfill a promise in listing SHIB after its crypto platform product lead Brian Hoffman issued a Twitter “likes” challenge. Following an uproar among SHIB supporters, the company said there was “more work” to do as it moved through its token listing review process.
Kraken said Monday the minimum, required deposit is 373,000 SHIB, and that the coin will be tradable against the U.S. dollar and euro, with a trading minimum of 50,000 SHIB.
SHIB margin and futures trading will not be available for investors, the exchange said.
SHIB jumped over 16% at one point Monday as the broader cryptocurrency market continued to rally following Friday’s sell-off.

Michael Bellusci is a former CoinDesk crypto reporter. Previously he covered stocks for Bloomberg. He has no significant crypto holdings.