SHIB coin: is the Shiba Inu token already on Coinbase?
The Shiba Inu cryptocurrency token is heading for an exit on Coinbase, and investors recently had the biggest hint that it will happen soon.
Is the Shib coin on Coinbase?
Coinbase recently added support for the Shib token to Coinbase Custody, a system that allows users to deposit and withdraw cryptocurrency assets.
- However, the arrival of Shib coin on Coinbase Custody âdoes not translate into a listingâ on Coinbase, according to FX Empire.
- Instead, the move allows investors to “store their cryptocurrency assets through hardware cold storage wallets, which are offline wallets compared to hot wallets that store assets online,” according to FX Empire. .
Why isn’t Shib coin on Coinbase?
Investors in Shiba inu coins were waiting for the Shib coin to make its way to Coinbase Pro, which was originally excited in June. Listing would likely lead to an increase in the price and value of the Shib coin, as it will generate more discussion on social media.
- âCoinbase added SHIB just over a month after this coin was created, in stark contrast to its addition of Dogecoin, which appeared to take DOGE years,â according to CoinDesk.com.
Coinbase Pro delayed its decision to list the Shib coin on Coinbase Pro due to technical difficulties, per FX Empire.