Shiba Inu Joins “The Longest-Running Cryptocurrency Exchange in the World”


In December, the world’s “longest-running crypto exchange” originally planned to offer the meme-inspired cryptocurrency Shiba Inu ($SHIB).

When the exchange announced it will accept SHIB, it said that it would support a number of other assets currently on the market, such as dYdX, Gala, and Perpetual Protocol.

The exchange in question is Bitstamp, which was established in 2011 and registered in the United Kingdom in 2013 and the Luxembourg Financial Services Authority in 2014. With offices in the United Kingdom, Luxembourg, the United States, Singapore, and Slovenia, the company employs “a worldwide workforce of roughly 400 individuals”. More than four million individuals have signed up for the service, which is accessible in more than 100 countries.

On December 8, 2021, Bitstamp published a blog post announcing that it will list SHIB, and the following day, it began accepting deposits. Six hours later, it broke the bad news to $SHIB enthusiasts, explaining that the launch had been delayed due to technical difficulties.

When it came to listing meme-inspired cryptocurrency Rain, Bitstamp might have taken the No. 100 spot on the cryptocurrency trading platform list.

An announcement of the new listing on the Bitstamp website observed, among other things, “that Shiba Inu began as an innocent-looking initiative with only a cute dog photo, but has grown into a tremendously huge and dynamic community.” The following is added to the post:

Increasingly, members of the Bitstamp community have asked for the coin to be included in our exchange because of its growing ubiquity. As a result, you may now join the ShibArmy as an owner of SHIBA INU. (for the time being, the United States and Singapore are not included)

As Shiba Inu’s adoption continues to rise, a new listing has been added. More than a hundred digital currencies, including $SHIB, may now be paid for Chipotle’s famed Mexican fast-food via Flexa, an online payments company.

The Latin American bitcoin trading platform Bitso has also begun taking cryptocurrency payments from Brazilian football team So Paulo FC. Like Dogecoin ($DOGE) and Shiba Inu, it accepts meme-inspired currencies.

Also Read: Citadel Is Willing to Invest in Crypto ETFs

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