Another major cryptocurrency exchange, Bitstamp, has listed shiba inu cryptocurrency. Bitstamp users will be able to trade SHIB against the U.S. dollar and the euro. The announcement came as more trading platforms are listing shiba inu and more stores are accepting the meme crypto for payments.
Bitstamp Adds Support for Shiba Inu Crypto
Cryptocurrency exchange Bitstamp announced Wednesday that it has added support for four more cryptocurrencies, including the popular meme coin shiba inu (SHIB).
Besides SHIB, the three other cryptocurrencies added to the Bitstamp platform are dydx (DYDX), gala (GALA), and perpetual protocol (PERP). Users will be able to trade them against the U.S. dollar or the euro.
The London-headquartered exchange opened deposits and withdrawals for shiba inu Wednesday. Users “will be able to place and cancel limit orders” on Thursday, Bitstamp detailed, adding that “Order matching will start and trades will be executed normally” on the same day. The exchange clarified:
Once the order books gather sufficient liquidity, we will enable all order types and card purchases for the new trading pairs as well.
However, Bitstamp noted that “for the time being, these assets will not be available to our U.S. and Singapore customers. ”
Shiba Inu Crypto Adoption Rises
The adoption of the meme cryptocurrency shiba inu has been steadily rising. On Tuesday, the crypto-friendly travel website Travala announced that it has added SHIB as a payment method, allowing users to purchase over 3 million travel products with the meme crypto.
Retail giant Newegg recently announced that it will start accepting SHIB for payments on its platform this month while AMC Theaters said it will start accepting shiba inu in the first quarter. In November, two major crypto exchanges, Kraken and Gemini, added support for SHIB.
Supporters of the meme crypto have been petitioning on Change.org for the popular trading platform Robinhood to list SHIB but the company recently said that it is in no hurry to add another cryptocurrency to its platform.
What do you think about Bitstamp listing the shiba inu crypto? Let us know in the comments section below.
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Author: Kevin Helms