This is how Coinbase described the SHIBA token (aka the “Shiba Inu” token):
“Shiba Inu (SHIB) is a token that aspires to be an Ethereum-based alternative to Dogecoin (DOGE), the popular memecoin. Unlike Bitcoin, which is designed to be scarce, SHIB is intentionally abundant — with a circulating supply of one quadrillion. The Shiba Inu Token ecosystem supports projects such as an NFT art incubator and the development of a decentralized exchange called Shibaswap.“
More specifically, Coinbase’s blog post said that:
- Coinbase Pro has started accepting inbound transfers of $CHZ, $KEEP, and $SHIB
- Support for $CHZ, $KEEP, and $SHIB will “generally be available in Coinbase’s supported jurisdictions with the exception of Singapore”
- $CHZ and $SHIB “will not be available to New York residents”
- “Trading will begin on or after 9AM Pacific Time (PT) Thursday June 17, if liquidity conditions are met.”
According to data by CryptoCompare, currently (as of 17:38 UTC on June 15), $SHIB is trading around $0.00000888, up over 26% in the past 24-hour period.
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