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One Of The World Oldest Crypto Exchange Bitstamp Lists Shiba Inu (SHIB)

source-logo  thecryptobasic.com  + 2 more 06 June 2022 16:48, UTC

Shiba Inu gets another listing on yet another veteran crypto exchange.

Following the widespread interest in Shiba Inu (SHIB), Luxembourg-based cryptocurrency exchange Bitstamp has announced that it has listed the dog-themed digital currency.

The exchange made this known in a blog post today, stating that it has listed two trading pairs for the cryptocurrency, including SHIB/EUR and SHIB/USD.

Woof! 🐶

You kept telling us to launch it, so here it is! 

We’re listing SHIB! 🚀

Bitstampers can finally join the #ShibArmy!

Read more here: https://t.co/s4L05HneQO pic.twitter.com/FNfoDPay8P

— Bitstamp (@Bitstamp) June 6, 2022

According to the announcement, Bitstamp users can begin depositing their Shiba Inu tokens to the platform today, while users who want to purchase the cryptocurrency can do so beginning tomorrow.

While users will be allowed to place limit orders from tomorrow by 07:00 AM UTC, these orders will not be filled until the exchange has enough liquidity. Within this time users can cancel their orders before the matching of orders commences.

Per the announcement, Bitstamp will begin matching all orders tomorrow by 11:00 AM UTC. The exchange noted that once it has gathered enough liquidity, it will commence full trading for the dog-themed cryptocurrency, including card purchases, as well as add more Shiba Inu trading pairs.

It is no longer news that Shiba Inu is one of the most widely adopted cryptocurrencies, as the asset class continues to be listed across multiple exchanges.

Bitstamp Successes in the Market

Meanwhile, Bitstamp is a veteran cryptocurrency exchange that launched in the early days of crypto. The exchange was launched in 2011 with its headquarters located in Luxembourg. Bitstamp stands out among its peers due to its low trading fees and has succeeded in onboarding millions of users globally.

With the addition of Shiba Inu, the cryptocurrency will be available to the millions of users currently using Bitstamp.

According to data on Coingecko, Bitstamp is ranked as the 25th-largest exchange with a 24-hour trading volume of $215.8 million.


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