The “Dogecoin killer” could draw even more attention with the upcoming launch of its DEX, ShibaSwap.
Coinbase announced yesterday on its blog that the Shiba Inu (SHIB) token will be among the latest tokens made available to customers on Coinbase Pro.
This news arrives just 15 days after the platform announced awaited support for Dogecoin. Starting tomorrow, Coinbase Pro users will be able to trade rival SHIB, which markets itself as the “Dogecoin killer.”
Shiba Inu describes itself in its “Woof paper” (white paper) as “a decentralized, spontaneous community-building experiment.” With an initial supply of 1 quadrillion SHIB, the token is designed to have the potential to outgrow Dogecoin without needing to reach $0.01 per token.
Where can you buy Shiba Inu tokens?
Why might Shiba Inu be an interesting buy right now?
SHIB launched in August of last year but only attracted widespread trader attention last month, when it surged more than 2,200% in a matter of days. Interest could grow further with the imminent debut of the decentralized exchange ShibaSwap, which will feature “Puppy Pools” where SHIB holders can stake their tokens or farm to earn BONES — a new token that has yet to be released.
SHIB’s price rose about 24% following Coinbase’s announcement. Coinbase also added support for Chiliz (CHZ), which powers the fan token platform Socios.com, and Keep Network (KEEP), which aims to bridge private data and public blockchains.
CHZ will be available in trading pairs with USD, GBP, EUR and USDT. SHIB will trade against USD and USDT, and KEEP will be available against USD. However, New York residents will not be able to trade SHIB or CHZ.
Inbound transfers of SHIB, CHZ and KEEP began being accepted yesterday, and if liquidity conditions are met, trading for these tokens will open tomorrow.