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Another major cryptocurrency exchange, Bitstamp, has listed the shiba inu cryptocurrency. Bitstamp users will be able to trade USD and EUR with SHIB. The announcement comes as more and more trading platforms are listing Shiba Inu, and more and more stores accept meme cryptocurrency for payment.
Bitstamp adds support for Shiba Inu Crypto
Cryptocurrency exchange Bitstamp announced on Wednesday that it has added support for four other cryptocurrencies, including the popular meme coin shiba inu (SHIB).
In addition to SHIB, the three new cryptocurrencies on the Bitstamp platform are dydx (DYDX), gala (GALA) and perpetual agreement (PERP). Users will be able to trade them with U.S. dollars or Euros.
The London-based exchange opened Shiba Inu’s deposit and withdrawal operations on Wednesday. Bitstamp detailed that users “will be able to place and cancel limit orders on Thursday,” adding that “order matching will begin and transactions will be executed normally.” The exchange clarified:
Once sufficient liquidity has been collected in the order book, we will enable all order types and card purchases for the new trading pair.
However, Bitstamp pointed out, “At present, our US and Singapore customers will not be able to use these assets.”
Shiba Inu cryptocurrency adoption rate rises
The adoption rate of meme cryptocurrency shiba inu has been steadily increasing.On Tuesday, a crypto-friendly travel website Travala Announced that SHIB has been added as a payment method, allowing users to purchase more than 3 million travel products using meme cryptocurrency.
Retail giant New egg Recently announced that it will start accepting SHIB payments on its platform this month, and at the same time AMC Theater Said that it will start accepting Shiba Inu in the first quarter. In November, two major cryptocurrency exchanges, Kraken with Gemini, Added support for SHIB.
Supporters of the meme cryptocurrency have been petitioning the popular trading platform Robinhood to list SHIB on Change.org, but the company recently stated that it is Not in a hurry Add another cryptocurrency to its platform.
What do you think of Bitstamp’s listing of shiba inu cryptocurrency? Please let us know in the comments section below.
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