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Crypto Exchange Bitstamp Enrolls Shiba Inu As SHIB Adoption Grows

Digital currency trade Bitstamp reported Wednesday that it has added support for four additional cryptocurrencies, including the well known meme coin shiba inu (SHIB). Besides SHIB, the three other cryptocurrencies added to the Bitstamp stage are dydx (DYDX), gala (GALA), and perpetual protocol (PERP). Clients will actually want to exchange them against the U.S. dollar or the euro. The London-headquartered trade opened stores and withdrawals for shiba inu Wednesday. Clients “will be able to place and cancel limit orders” on Thursday, Bitstamp definite, adding that “Order matching will start and trades will be executed normally” around the same time.

However, Bitstamp noted that “for the time being, these assets will not be available to our U.S. and Singapore customers. ”

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.

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.

Supporters of the meme crypto have been petitioning on 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.

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.

News Summary:

  • Crypto Exchange Bitstamp Enrolls Shiba Inu As SHIB Adoption Grows
  • Check all news and articles from the latest Business news updates.
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