Shiba Inu ($SHIB) Comes To "The World’s Longest Running Crypto Exchange"

Shiba Inu ($SHIB) Comes To “The World’s Longest Running Crypto Exchange”

6 June 2022

in SHIBA

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The world’s “longest running crypto exchange” has listed the meme-inspired cryptocurrency Shiba Inu ($SHIB) after initially planning on doing so back in December of last year. The exchange’s announcement saying it would support SHIB included other assets that are already listed, including dYdX ($DYDX), Gala ($GALA), and Perpetual Protocol ($PERP).

That exchange is Bitstamp, which was founded in 2011, got registered in the UK in 2013 and in Luxembourg in 2014. It has “a global team of around 400 people” based in offices in the UK, Luxembourg, USA, Singapore, and Slovenia. It is available to people in over 100 countries and currently has over four million users around the world.

Bitstamp first announced it was listing SHIB in a blog post on December 8, 2021 and initially started allowing deposits before listing the next day. Around six hours later, it delivered some bad news to $SHIB fans, noting it ran into technical issues that would force it to delay the launch.

Bitstamp could have been the 100th cryptocurrency trading platform to list the meme-inspired cryptocurrency, but that position ultimately went to Middle Eastern cryptocurrency trading platform Rain.

In a blog post announcing the new listing, Bitstamp noted Shiba Inu is a project “which started out as utterly light-hearted, boasting a pretty picture of a dog, but now has an incredibly large and vibrant community behind it.” The post adds:

As its popularity grew, so did the requests from our Bitstamp community to have the token listed on our exchange. So, you, too, can now become a proud owner of SHIBA INU and a representative of the ShibArmy. (excluding the U.S. and Singapore for now)

The listing comes as Shiba Inu’s adoption keeps on growing. Earlier this month popular Mexican-style fast-food restaurant chain Chipotle started accepting cryptocurrency payments through digital payments firm Flexa, which supports around 98 currencies including $SHIB.

Moreover, Brazilian football club São Paulo FC started accepting cryptocurrency payments via the Latin American cryptocurrency trading platform Bitso. Among the assets it accepts are meme-inspired currencies like Dogecoin ($DOGE) and Shiba Inu.

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Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.