Coinbase, a crypto token exchange service, has officially added Shiba Inu coin to its Coinbase Pro platform, with trading going live on Thursday.
- “Inbound transfers for SHIB are now available in the regions where trading is supported,” according to Coinbase Pro’s Twitter.
Can you get Shib coin on Coinbase?
Coinbase Pro said SHIB is not available on the Coinbase.com platform or through the consumer mobile apps.
There has been speculation that the Shiba Inu coin would join Coinbase after it added support for the Shib coin token to Coinbase Custody, which allows people to deposit and withdraw cryptocurrency assets.
- Investors have believed the Shiba Inu coin will spike in price and value because the listing will kick up social media discussion, which will build hype around the coin, according to CoinDesk.com.
Shiba Inu coin dropped in value
The addition to Coinbase Pro comes as Shib coin and Dogecoin — both meme-based crypto tokens — suffered massive drops in recent days, likely due to a drop in interest.
- AMBCrypto reports that “open interest for both memecoins dropped considerably at the first sign of corrections.”
Indeed, Shib coin may have dropped off a bit because Dogecoin has been dropping off.
- “When the king meme goes up, its court moves in sympathy,” InvestorPlace.com explained.