Shiba Inu to be traded on Cryptocurrency exchange Bitstamp

International crypto exchange Bitstamp will start trading for the US Dollar and Euro against the cryptocurrency Shiba Inu. Bitstamp will allow users to deposit and withdraw funds at Shiba Inu. Supporters of this meme token have expressed their happiness on Twitter that it has started trading on the exchange. Recently, American movie theater company AMC Theaters also added Shiba Inu as a payment option for buying movie tickets and snacks.

According to data from CoinMarketCap, the Shiba Inu is worth $0.00003672 and holds 1,044,066 wallets. The price of the Shiba Inu shot up a few months ago to become the 11th largest cryptocurrency by market value. Last month two major crypto exchanges, Kraken and Gemini, added support for the Shiba Inu. Bitstamp is also adding DYDX, GALA and PERP to its platform.

Bitstamp explained in a blog post that deposits and withdrawals are currently open for the newly added cryptocurrencies and trading has not yet started. It added, “Users will be able to place limit orders as well as cancel, but these matches will not take place. As a result, no orders will be executed at this time. Order matching will begin soon and trading will be carried out as normal.” However, only limit orders will be available.” All orders will be initiated when there is sufficient liquidity in the order book of the Exchange.

Recently one of the big whales of Ethereum added 28 billion Shiba Inu tokens to a portfolio worth over $11 million (about Rs. The number of tokens in this portfolio now exceeds 1.2 lakh crores. Whale wallet “Gimli” began buying Shiba Inu tokens in June and has since accumulated $56 million (approximately Rs 422.4 crore) in tokens. Gimli has exclusively bought Shiba Inu tokens for the past few months. This unknown whale had earlier bought Shiba Inu tokens worth about $1 million (about Rs 7.54 crore).

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