Shiba Inu (SHIBA) was a coin many shrugged off as just another hopeless altcoin. But, now being listed on the biggest exchange in Europe, the dog-theme cryptocurrency continues to see success despite a different time for the crypto market at large.
The coin has been waiting for a prolonged time, as the Bistamp approval process is thorough. Bitstamp has been operating since 2011 and is pleased to add SHIBA to its list of over 50 major cryptocurrencies for trading.
The Deal Is Finally Completed
Last year, the former CEO of Bistamp Julian Sawyer decided against listing SHIBA, having already listed Dogecoin (DOGE) and didn’t fancy offering two dog-themed coins on the platform.
However, the new CEO, JB Graftieaux, was brought in from European operations and promised to list SHIBA and finally looks to be delivering on that promise. SHIBA will be available for trade-in “limited-only" and “post-only” modes on the platform.
Down the line, customers can expect a complete list of trading types and card purchases, which will become available once the order books have sufficient liquidity to support the full range of trading options.
Shiba Inu’s Thriving Community
Shiba Inu doesn’t have the same slick images as many of the other major cryptocurrencies, but it has a following that weighs up against even the bigger currencies like Ethereum (ETH). The official blog is bubbling, as the community continues to grow.
The “Shib Army” includes members of the art community and Ethereum’s founder Vitalik Buterin. The coin boasts a 24% year-to-date increase, which suggests a great investment opportunity.
In fact, according to data shared by Shibainuart Shiba Inu has gained thousands of new holders, with the number of holders rising from 1,139,997 in the last week of April to 1,169,694 at the start of May. The numbers indicate the coin now just appealing to the crypto community, but presenting itself as a viable investment product.