Bitstamp Lists Shiba Inu
Table of contents
What Does This Mean for Shiba Inu?
Bitstamp's support is great news for the Shiba Inu community. Being the largest exchange in Europe, the listing will bring the Bitstamp Shiba Inu closer to its 4 million customers. Those who will now be able to trade the meme coin against the US dollar and the euro. In December last year, the company made an early announcement that it would be listed on SHIB. Unfortunately, the listing was put on hold indefinitely (as of now). Because the company's technical team faced challenges that were not anticipated.
How Will the Listing Work?
According to a statement on Bitstamp's blog, market orders and card purchases for new trading pairs will not be allowed until then. Unless there is sufficient liquidity on the exchange. However, transfers will start from today, which is Monday, June 6, 2022. Starting from 11:00 AM UTC, users will be allowed to place limited orders starting Tuesday, June 7, 2022. When there is sufficient liquidity in the order book. Then the ability to place other types of orders will be enabled. The Shiba Inu has come a long way since its creation in August 2020. Once dubbed the Dogecoin killer. It is now traded on around 100 cryptocurrency exchanges around the world. The most popular of which is Binance.