Thursday, December 9, 2021
HomeMarketsCrypto Exchange Gemini Adds Support for Shiba Inu (SHIB)

Crypto Exchange Gemini Adds Support for Shiba Inu (SHIB)

The popular cryptocurrency exchange founded by the Winklevoss twins, Gemini, has announced support for the meme-inspired cryptocurrency Shiba Inu (SHIB), revealing it will initially add support for deposits and custody before rolling out trading.

In an announcement, Gemini added that it wasn’t just adding support for SHIB, but also for a “range of new DeFi, metaverse, infrastructure, and data management tokens.” The exchange detailed it’s adding support for audius (AUDIO), quant (QNT), wrapped centrifuge (WCFG), mask network (MASK), burn (ASH), radicle (RAD), superrare (RARE), (FAT), and numeraire (NMR).”

Trading for these tokens, according to the exchange, will be added along with trading for API3 (API3) and USD Coin (USDC), which are already supported for custody on the platform. The announcement adds:

Trading will first open on our API/FIX and ActiveTrader applications for USD trading pairs. It will then open on our Gemini Mobile App and website on a rolling, token-by-token basis for USD, GBP, EUR, CAD, AUD, HKD, and SGD pairs.

Gemini’s announcement adds it now supports over 60 tokens for trading and custody, with 16 additional cryptoassets being available for custody on the platform. As Cryptoreportage has been reporting, Shiba Inu supporters have been fighting for more listings on exchanges.

After crypto trading platform Kraken revealed it won’t be listing the meme-inspired cryptocurrency yet as it needs to work on how it will move through its listing review process, the so-called SHIBArmy showed it disapproved of the exchange’s move.

As Cryptoreportage reported, supporters of the cryptocurrency have also been fighting for a listing on commission-free trading platform Robinhood (NASDAQ: HOOD). Through a petition that has over 533,000 signatures titled “Kindly request of Robinhood to list Shiba Inu coin;” they ask the platform to list the cryptocurrency.

The Chief Operating Officer (COO) of Robinhood has praised the community behind SHIB for expressing what it wants, but did not detail whether it will be listed on the platform.

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