Coinbase Pro announced today that it will begin allowing trades of Shiba Inu (SHIB) as early as Thursday, June 17. The platform is also listing Keep Network (KEEP) and Chiliz (CHZ) tokens. Customers can now transfer these tokens to their Coinbase accounts in preparation for trading.
According to Coinbase's official blog post, trading will launch in three phases:
- Post-only: Orders are accepted but not matched.
- Limit-only: Orders can be placed but not market orders.
- Full trading: All order types are enabled.
The supported trading pairs include:
- CHZ: USD, EUR, GBP, USDT
- KEEP: USD
- SHIB: USD, USDT
SHIB: The Dogecoin Rival on Ethereum
Shiba Inu (SHIB) is a meme coin inspired by Dogecoin, leveraging the same Shiba Inu dog meme from the 2010s. However, unlike Dogecoin, SHIB operates as an ERC-20 token on the Ethereum blockchain, enabling smart contract functionality and integration with DeFi ecosystems.
👉 Discover how SHIB compares to other meme coins
Market Performance and Trends
As of recent data, SHIB ranks as the 17th-largest cryptocurrency by market capitalization, surpassing established projects like Stellar (XLM), Ethereum Classic (ETC), and Dai (DAI). Key highlights:
- Market Cap: Over $9 billion
- 24-Hour Growth: +33% (reaching $0.00000925)
- All-Time High: $0.00003791 (May 2021)
The token’s surge follows Coinbase’s listing announcement, signaling growing institutional interest. However, SHIB’s volatility remains a defining trait—especially after Ethereum creator Vitalik Buterin donated 50 trillion SHIB (worth billions at peak value) to charity, temporarily destabilizing its price.
Why Coinbase’s Listing Matters
Coinbase’s endorsement adds credibility to SHIB, aligning it with mainstream crypto adoption. As the only publicly traded U.S. exchange, Coinbase’s move could attract more investors to meme coins, historically seen as speculative assets.
FAQs
1. When will SHIB trading go live on Coinbase Pro?
Trading begins June 17, starting with post-only orders and progressing to full trading.
2. How does SHIB differ from Dogecoin?
SHIB runs on Ethereum (ERC-20), while Dogecoin uses its own blockchain. SHIB also integrates with DeFi, unlike DOGE.
3. What caused SHIB’s recent price surge?
Coinbase’s listing announcement and renewed retail investor interest drove the 33% increase.
4. Is SHIB a good investment?
Meme coins are highly volatile. Always research and assess risk tolerance before investing.
👉 Learn more about trading meme coins responsibly
Conclusion
Coinbase Pro’s SHIB listing marks a pivotal moment for the token, bridging meme culture and institutional crypto adoption. While its long-term viability remains debated, the current momentum underscores the dynamic nature of cryptocurrency markets.
For informational purposes only. Not financial advice.
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