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"Dogecoin Killer" Shiba Inu Listed by Gemini

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Sun, 11/14/2021 - 10:00
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Alex Dovbnya
The Gemini exchange has added support for Shiba Inu
"Dogecoin Killer" Shiba Inu Listed by Gemini
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Gemini, a popular cryptocurrency exchange that was launched by Cameron and Tyler Winklevoss in 2015, has added support for the Shiba Inu (SHIB) cryptocurrency. 

Apart from the second-largest meme coin, the New York-headquartered trading platform has also listed a slew of tokens from the decentralized finance ecosystem, including Quant (QNT), Fetch AI (FET) and Radicle (RAD).

The Winklevii-owned exchange, which is known for its emphasis on regulatory compliance, embraced Dogecoin in May, becoming one of the latest major exchanges to jump into the canine mania. 

Coinbase and Binance.US listed Shiba Inu in October.    

Earlier this week, SHIB also became available on the retail-friendly app of India’s first cryptocurrency unicorn

Related
Winklevoss Twins Want to Take Gemini Public, Following Coinbase's Suit

Kraken and Robinhood remain on the sidelines

In the meantime, Kraken hasn’t posted any updates about whether or not it plans to list the Shiba Inu cryptocurrency.

As reported by U.Today, the exchange claimed that it would add Shiba Inu in early November, but it then backtracked on its promise, riling up the so-called “SHIB Army.”

Robinhood also keeps dragging its feet about adding the canine cryptocurrency despite the petition to list the token reaching an eye-watering 531,000 signatures.

While praising the Shiba Inu community, Robinhood Crypto COO Christine Brown said that the short-term gain from adding such meme coins might not be worth it in the long term:

We think that the short-term gain that we might get is not worth the long-term trade-off for our users. We wanna make sure that we are working and assessing everything from a regulatory perspective. And we are a “safety first” company. That’s how we are going to play it.        

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.