Coinbase loses one on the road – Shiba Inu (SHIB), Keep Network (KEEP) and Chiliz (CHZ) tokens enter Coinbase Pro. However, the doors of the exchange closed for one of them after 24 hours.
One step forward, two steps back for Coinbase Pro
On June 15, Coinbase announced on its blog the listing on Coinbase Pro of Shiba Inu, tokens of Keep Network and of Chiliz. Exchange users could transfer, the same day, the 3 cryptos newly supported by Coinbase Pro. The latter should allow trader each of them from June 17.
In contrast, an update dated June 16 indicated that the launch of SHIB on Coinbase Pro was temporarily delayed due to technical problems. As the SHIB deposit has been deactivated, withdrawals are, however, still available. Coinbase Pro will unveil “An updated timetable for the reinstatement of deposits and the activation of trading as soon as possible”.
Coinbase was planning a launch in 3 phases : post-only, limit-only and full trading trading on « carnets d’ordre CHZ-USD, CHZ-EUR, CHZ-GBP, CHZ-USDT, KEEP-USD, SHIB-USD et SHIB-USDT », “As soon as a sufficient supply of CHZ, KEEP and SHIB is established on the platform”. SHIB fans will still have to take their troubles patiently.
Vitalik Buterin’s doggies, one was more cuddly
The SHIB can be seen as a competitor of Dogecoin (DOGE), whose logo is also a Shiba Inu. Unlike the DOGE, the SHIB is a token ERC-20 and therefore works on Ethereum. According to Nomics data, the SHIB is the 17ème token in terms of market capitalization, which amounts to more than $ 9 billion. It is ahead of known cryptos, such as Stellar (XLM), Ethereum Classic (ETC) and Dai (DAI).
As a reminder, the SHIB almost sank because of Vitalik Buterin who donated 50,000 billion SHIB to charities. The co-founder of Ethereum had received them from the promoters of the SHIB. The latter wanted artificially reduce the supply, thinking Buterin would keep his SHIBs warm. They also wanted to associate SHIB with a well-known name in the cryptosphere.
Buterin’s relationship with the DOGE has been plus lucrative. Indeed, Buterin pocketed $ 4.3 million in earnings by betting on Dogecoin. He then donated all of the proceeds to charity.
Coinbase recently launched its stablecoins marketplace. The exchange’s development would likely go even faster if Coinbase finally managed to get rid of its drag, and more specifically its recurring technical issues making the platform unavailable as soon as a market event occurs.
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