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The cryptocurrency exchange Kraken has announced support for the cultural cryptocurrency shiba inu (SHIB). Deposits are currently active, and the commercialization of SHIB is expected to begin on Tuesday. After Kraken’s announcement, the value of SHIB soared.

SHIB on Kraken: The deposit is currently valid and commercialization will begin tomorrow

The cryptocurrency exchange Kraken announced on Monday that the live and commercialization of the shiba inu (SHIB) deposit area unit is expected to begin on Tuesday. The exchange wrote:

“We are happy to announce that Kraken currently supports shiba inu (SHIB).”

“Funding is real-time, and we expect commercialization to begin tomorrow, November 30th-for this reason, Kraken can modify order entry and execution,” the exchange processed, noting that futures and margin commercialization services will not be available at the time of release access.

shiba inu tokens will be traded with U.S. dollars and euros on Kraken. Detailed information will be announced and added that the minimum commercialization is 50K SHIB, the value is accurate to eight decimal places, and the amount is accurate to five decimal places.

In addition, Kraken explained that SHIB deposits require 20 confirmations, which is estimated to take about 5 minutes. The minimum deposit is 373K SHIB.

At the time of writing, the price of SHIB jumped from the $0.00003899 level before Kraken’s announcement to $0.00004422.

Shiba inu cryptocurrency investors have waited for Kraken to fulfill its promise of listing on SHIB for nearly a month. The exchange tweeted on November 1st that if its tweet gets 2K likes, the platform can list SHIB the next day. Supporters of SHIB have sent more than 45K likes at intervals within a given time frame. However, Kraken did not fulfill its promise.

The exchange tweeted on November 2 instead of listing SHIB: “Community is a very important part of all our listing issues, and you have clearly expressed support. There is a lot of work in the United States because we tend to pass our Listing review method.”

At the same time, shiba inu cryptocurrency supporters are still petitioning the commercial platform Robinhood to list SHIB. At the time of writing, the petition has received more than 540,000 signatures. However, Robinhood recently confirmed that it is not in a hurry to list additional cryptocurrencies. Gemini, another major cryptocurrency exchange, also added support for SHIB this month.