Shiba Inu (SHIB), a dogecoin-inspired meme coin has made a lot of noise in the crypto market after it got listed in major crypto exchanges like Binance, Kucoin, Huobi, etc.
As of now SHIB is listed in more than 20 exchanges (both centralized and DEX) and has seen a huge price surge over the last week followed by a small downfall yesterday when Vitalik donated the majority of his SHIB tokens to the India Covid Relief Fund.
Will Coinbase list Shiba Inu (SHIB)?
Many crypto enthusiasts are asking this question on different community forums – “will Coinbase list Shiba to its exchange?”
Coinbase is publicly listed, one of the largest centralized crypto exchanges in the world. And after solid Q1 earnings, Coinbase said in a press report yesterday that it will support more assets, including DOGE in the 6 to 8 weeks.
Coinbase CEO Brian Armstrong mentioned that they are putting a lot of work and thought into how to accelerate their asset onboarding and Coinbase will devote more resources to onboarding assets more quickly.
This seems though positive news not just for DOGE coin but also for dogecoin-inspired SHIB coin. After this announcement, the prices of DOGE coins have jumped over 17% in the last 24 hours currently trading at $0.5212.
Dogecoin price fell over 40% last week after Telsa CEO and self-proclaimed dogefather Elon Musk’s appearance at SNL event.
[Update] 16th June 2021: Coinbase announced on 15th June 2021 that SHIB trading will begin on or after 9 AM Pacific Time (PT) Thursday, June 17.