Brian Hoffman: Kraken May List Shiba Inu This Week

Listing Shiba Inu on major cryptocurrency exchanges has been a topic of discussion since the start of the year owing to the surge in prices. Now, Kraken’s product lead Brian Hoffman, has confirmed that the leading crypto exchange will consider listing the digital currency this week. 

On his Twitter page on Monday, Hoffman revealed that he was “feeling good” about the new week, while posting a GIF that depicted a Shiba dog typing on a computer system. This is the second time in the month that Kraken’s executive is ushering a statement about listing Shiba Inu. 

Kraken Once Turned its Back on its Decision to List Shiba 

The first time that the crypto exchange made a statement regarding the Shiba Inu was on the 2nd of this month when Kraken disclosed on its Twitter handle that it was ready to list the meme coin on its platform with a condition that the tweet must be liked at least 2000 times. It was an easy challenge for the Shiba coin community, as the listing post got over 17,600 likes. This meant that Shiba was all set to get enrolled into the Kraken platform. 

However, the San Francisco-based crypto backtracked on its promise, refusing to list the coin on its platform. The Shiba Inu then community accused the platform of leveraging it to promote its activities. For more than two weeks, the exchange said nothing about listing Shiba until now, prompting the community to believe that the platform has come up with yet again another ploy to boost engagement on their Twitter page. 

Kraken revealed that there was more work for them to do as they moved through the thorough listing review process. Now, it seems that the trading platform is in for some serious business, as it moves forward with fulfilling its promise made at the beginning of the month. 

Gemini, Coinbase Amongst Exchanges That Have Listed Shiba Inu 

The “Dogecoin killer” was listed for trading on Coinbase in mid-September. The addition helped bolster trading volume and was a significant factor that resulted in its massive October rally. Since then, it has been gaining a lot of traction on trading platforms. 

Another popular crypto exchange Binance, announced earlier this month that it would allow Shiba Inu to trade against its fellow cryptocurrencies. Robinhood, the free investing stock and crypto trading app, is also on the verge of adding support for Shiba Inu after a petition to list it surpassed 450,000 signatures. Last week, Gemini added Shiba Inu to its platform. 

At the moment, Shiba Inu is trading at $0.000053, dropping 38.5% from its peak price. 

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