Gemini, a crypto exchange has announced that it now supports Shiba Inu (SHIB), a popular meme coin. This is in response to growing interest. Gemini has announced support for SHIB, as well as a number of new infrastructure tokens, defi and metaverse tokens, and data management tokens.
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The exchange’s new addition comes as holders of the meme coin are steadily increasing.
Gemini Lists Shiba Inu
Announcing the latest additions to its crypto exchange in a blog post on Friday.
“We are delighted to announce Shiba Inu Support (SHIB)., as well as a range of new DeFi, metaverse, infrastructure, and data management tokens.” the company said.
“Shiba Inu (SHIB), Audius (AUDIO), Mask Network (MASK), Wrapped Centrifuge (WCFG), Quant (QNT), Radicle (RAD), Burn (ASH), Superrare (RARE), Fetch.ai (FET), and Numeraire (NMR) are now supported for deposits and custody on Gemini.”
SHIB’s recent listing on Gemini’s platform is a sign of how much users are demanding the coin. Actually, it is the Petition for another major exchange, Robinhood, to add support for SHIB is still ongoing. 532,237 people have signed the petition.. Robinhood, however, recently stated that they are not in rush to add new coins to their platform.
The SHIB price is $0.0000528. Source: TradingView.com| Source: SHIBUSD on TradingView.com
Last week, Christine Brown, Robinhood Crypto’s COO and VP of Product Operations talked about her company’s crypto strategy at a conference. Responding to a question about whether the exchange will list SHIB, she replied “When it comes to our strategy of what we are going to list, the first thing is that we’re not going to talk about it. So I’m not going to break that news here, unfortunately.”
She further explained that the company’s strategy is different from others like Coinbase, who are racing the list as many assets as possible.
“We want to make sure we are working and assessing everything from a regulatory perspective very well. And we are a safety-first company so that’s how we’re going to play it.”
Coinbase is the alternative. Be eagerTo list multiple cryptocurrencies. An announcement was made earlier in the month by the exchange that Shiba Iu will now be available to New York residents. However, the exchange has been providing SHIB to its users since June.
There is a rise in the number of holders of SHIBs
SHIB is becoming more popular and people are eager to have it.
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Shiba Inu owners in increasing numbers are closer to reaching the desired one-million mark. As of the writing date, there are 985,674 distinct addresses. Hold SHIB assets.
Featured Image by TronWeekly. Chart from TradingView.com