Cryptocurrency exchange “Kraken” opens the option to deposit cryptocurrency “SHIB” in preparation for its trading


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On Monday, Kraken, a US-based cryptocurrency exchange, announced that the Shiba Inu crypto deposit will be available from today, November 30 on its platform.

The feature also includes, enabling command entry and execution.

The cryptocurrency exchange explained that deposits will require 20 confirmations which can take five minutes, and the minimum deposit is set at SHIB 373,000.

Kraken also stated that the “Killer Dogecoin” would be tradable against euros and dollars with an estimated minimum of 50,000 SHIB.

Although the company has stated that it is willing to list more different crypto assets, it has a policy of not revealing any details until shortly before the launch.

Recently, CoinGate announced the incorporation of Shiba Inu into its offering, allowing merchants to use the coin.

As a result, CoinGate users, merchants and gift card shoppers can now accept, buy, trade or spend this digital currency.

The company indicated that people will be able to purchase digital currency at a rate of 1% through its trading system, allowing more than 500 CoinGate merchants to accept Shiba Inu as a payment method for shoppers.

SHIB gift cards will be available through the CoinGate store.

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Binance and the SHIB/DOGE trading pair:

Early this month, Binance, a cryptocurrency trading platform, announced that it will open trading for the SHIB/DOGE trading pair.

Binance thus became the first major cryptocurrency exchange to offer a pair of two meme-themed cryptocurrencies.

In addition, they were introduced when their prices rose rapidly despite having no intrinsic value to them.

Shiba Inu, which is being marketed as a Dogecoin killer, has seen a spike in recent months.

It has even become one of the fastest growing cryptocurrencies.

In addition, the rise of Dogecoin earlier this year received widespread attention as it turned out that Elon Musk, the richest man in the world, was one of its main supporters and constantly tweeted in support of it.

Read also:

MicroStrategy buys an additional 7,002 bitcoins…Here’s the total amount of bitcoin this company owns

The second layer of Ethereum continues to gain strength as the market value of Ethereum increases

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