Residents of New York may now trade, buy, sell, and store SHIB on Coinbase, a Nasdaq-listed crypto exchange. The exchange recently added SHIB trading pairs.
On Friday, Coinbase tweeted:
It’s official, SHIB is now available to trade, buy, sell and store on Coinbase for NY residents.
This news comes on the heels of Coinbase’s addition of various SHIB trading pairs. Wednesday, Coinbase Pro’s official Twitter account tweeted:
SHIB-EUR & SHIB-GBP order books are now in full-trading mode. Limit, market and stop orders are all now available.
After falling the previous day, the price of SHIB rose on Friday. At the time of writing, SHIB had increased 21% in the previous 24 hours and 261 percent in the previous 30 days. The coin has dropped about 9% in the last week.
SHIB just surpassed competitor dogecoin (DOGE) in market capitalization to become the world’s ninth biggest cryptocurrency. At the time of writing, dogecoin had regained its place, and SHIB was the tenth biggest cryptocurrency by market valuation.
On Monday, cryptocurrency exchange Kraken announced that SHIB will be available for trade on its platform beginning on Tuesday. The trade, however, did not take place, and SHIB is still not listed on Kraken. “Community is a vital factor in our decision-making process for all listings, and you have obviously shown your support.” “We have more work to do as we go through our listing review process,” Kraken tweeted after failing to list SHIB on Tuesday.