Kraken, a popular United States-based cryptocurrency exchange, announced via their official Twitter account on November 29, ‘’SHIBA INU deposits begin now! Trading is live November 30’’! From then onwards, there has been a storm hitting on the trading chart of the Shiba Inu coin. After being enlisted to this popular US Cryptocurrency exchange, Shiba Inu saw its price increment from $0.00003885 to $0.00005398 to date. From then on, Shiba Inu community members had gotten a question in their mind, which is, ‘’whether Robinhood is the next exchange for enlisting Shiba Inu coin?’’ Actually, this question has validity in the background, which is Crypto Exchange Gemini added Shiba Inu Support this November. Though Kraken also enlisted SHIBA Inu in the same month, maximum community members are deducing that Robinhood will be the next one to enlist Shiba Inu.
Kraken Exchange: Market Report (December 01, 2021)
|Spot Trading Volume||$1.86B+|
|Top Traded Coins||ETH (+4.1%), Bitcoin (+1.5%), Polkadot (+2%),|
|Live Customer Support||NO|
The Kraken Exchange started trading Shiba Inu at $0.00004914 at 08:35 AM on 30 November 2021 (EST). Previously we told you that Kraken allowed depositing and withdrawals of Shiba Inu coin via them on 29 November. 20 confirmations in total are needed for depositing Shiba Inu coins in the Kraken exchange and as a result, it will then take 5 minutes for the Shiba Inu to get added to your Kraken Shiba Inu’s account.
How to Deposit Shiba Inu on my Kraken account?
It’s a very easy process to deposit in Kraken exchange, with no complications. We are mentioning the step-by-step guides on how to deposit Shiba Inu on your Kraken account.
- Firstly, you have to log in to your Kraken account. Kraken is such a fastidious exchange that it won’t even allow you to look at your deposit pages without logging in.
- After entering into your account, you will see an option namely ‘’funding’’ right above the dashboard. Now, you have to click on this funding option.
- Funding shows you the options by which you can deposit to your Kraken account, and also, it will show your deposit in any currency.
- Right now, there are arrangements of investing in Kraken account via US Dollar, Euro, Pound, Canadian Dollar, Australian Dollar, and Yen & Swiss Franc.
- Now, click on the currency you have balance in, and click on the deposit option then.
- You are now fully prepared for buying Shiba Inu on Kraken. You have to remember one thing now that the minimum deposit in the Kraken exchange is 373,000 SHIB, which has a current price of nearly $18.
There is no hurdle to say that the Kraken exchange is a faithful name for US cryptocurrency traders. Even after the exchange is so trustworthy, you have to bear in mind that putting your money in a centralized exchange always comes with a certain degree of risk. So, after buying Shiba Inu in any centralized exchange, you should transfer your Shiba Inu coins to a hardware wallet. For so, Ledger hardware wallet and Trezor hardware wallet are the two best options for you. Another word you should know is Ryoshi, the creator of Shiba Inu, inspired Shiba Inu community members not to use centralized exchanges. Recently, we have published an article on this; if you want, you can read this article.
However, Shiba Inu trading on the Kraken exchange has already started, and trading on two pairs, including SHIB/USD and SHIB/EUR, are ongoing. And now, SHIB/USD is getting a trading volume of $10M, which is 0.22% of the total Shiba Inu trading volume. On the other hand, Kraken is getting more than $7M trading volume from SHIB/USD trading pair.
|Kraken Shiba Inu Trading Pair||Price||Spread||24h Volume|
On the other hand, Binance trading exchange is getting the highest amount of trading volume on SHIB, like- the exchange has 30% trading volume from only SHIB/USDT trading pair. It strongly means that Binance is the number one choice to most SHIBA INU investors.
However, let’s back to the discussion of Kraken’s listing of Shiba Inu. Even though Kraken’s listing of Shiba Inu brought a smile to the face of many investors, the news was annoying to many Shiba Inu community members.
What are Shiba Inu investors upset about the Kraken exchange?
A group of Shiba Inu investors cannot accept that whereas Coinbase listed Shiba Inu coins so early, why did the Kraken exchange take so much time to enlist Shiba Inu?
Indeed, Coinbase is the most fastidious cryptocurrency exchange in the whole crypto industry. Its analytic team is highly professional and massive in terms of numbers. Coinbase’s listing of a coin/project indicates the project’s authenticity because the exchange never enlists a coin in their exchange if the coin is not fundamentally and technically authentic. So, Kraken’s delay in enlisting Shiba Inu coin even after Coinbase’s listing of the coin drew a line of annoyance in the minds of Shiba Inu community members.
However, the announcement of Kraken’s listing of Shiba Inu has given the coin a several-fold increase. In the last 24 hours, Shiba Inu’s trading volume was $9.5B+. On the other hand, the popular cryptocurrency project Ethereum had a trading volume of $25B+ in the last 24 hours.
Indeed, cryptocurrency whales flocked to purchasing Shiba Inu coin, right after hearing that the Kraken exchange would enlist Shiba Inu coin. For example- one of those cryptocurrency whales purchased Shiba Inu coins amounting to $1,101,959.44. In the same way, the tendency of buying Shiba Inu coins to a large amount by popular exchanges like Binance, Coinbase, is being noticed.
On the other hand, Kraken’s announcement of enlisting Shiba Inu coin has led to increasing the number of Shiba Inu investors. ETH blockchain saw an increment of 20k+ Shiba Inu holders in the last 20 hours. You might have known that the number of Shiba Inu coin holders has crossed the 1M+ milestone. Right now, Shiba Inu is a highly invested project.
November 2021 is really a well-going month for Shiba Inu. So far, we have talked about Shiba Inu’s price, but now, we will turn to the Twitter-conquering story of Shiba Inu community members. Shiba Inu coin has been in the topmost popularity on Twitter throughout the whole of November. As the most popular Crypto on Twitter in November, Shiba Inu outsmarted Bitcoin and Ethereum.
The unity of the Shiba Inu community is truly eye-popping. We saw it earlier too when any company announces to accept Shiba Inu coin, the coin’s community members flock to show their existence positively. Such a thing has also happened in the case of the Kraken exchange. Before enlisting Shiba Inu coin, Kraken’s app rating was only 3.1, but this rating jumped to 4.3 in the twinkle of an eye right after Kraken enlisting Shiba Inu coin. Yes, you got the right; Shiba Inu community members did the job. Reddit is also inspiring other community members by posting regularly to heighten the rating of the Kraken app of Shiba Inu community members.
Is Robinhood Next for Shiba Inu coin?
So far, we have been on the topic of the Kraken exchange, but now, the time of talking about Robinhood has appeared. Robinhood is an American financial services company that introduced exchange-traded funds and commission-free trades of stocks, cryptocurrencies.
Crypto users can trade any cryptocurrency on Robinhood without any commission fee. That’s the demand for Robinhood is pervasive to USA-based cryptocurrency traders and investors. Shiba Inu community members are also expecting that Robinhood will soon incorporate Shiba Inu in their platform. As you all know, so far, Robinhood has added only seven cryptocurrencies, and the company is too slow in enlisting cryptocurrencies.
Recently, a member of Shiba Inu coin has asked one of the team members of Robinhood about enlisting Shiba Inu coin. But, Shiba Inu community members will be less-happy to hear the answer. They never hasten to enlist any cryptocurrency, let alone Shiba Inu. Robinhood will enlist another project according to its flow.
It is obvious from the speech of the Robinhood team member that it will take time to see the Shiba Inu coin on this USA-based most popular trading exchange. But, the thought is the opposite among Shiba Inu community members. They believe that Robinhood will enlist Shiba Inu coin even before 2022. However, what’s your opinion about this? When do you think Robinhood will enlist Shiba Inu coin?
You may not like Shiba Inu, but you cannot ignore the gradually-increasing community of Shiba Inu and its augmenting-acceptance level by popular exchanges. USA-based Shiba Inu community got highly benefited because the Kraken exchange enlisted the coin. The reason is that now, they have another exchange available for buying and selling Shiba Inu coins. On the other hand, time will say if Kraken becomes the number one exchange choice to Shiba Inu community members, outnumbering Binance US and Coinbase.