Gemini lists Shiba Inu after other major exchanges offer support

Gemini announced on November 12, 2021 that it was adding support for Shiba Inu (SHIB), Audius (AUDIO), Mask Network (MASK), Wrapped Centrifuge (wCFG), Quant (QNT), Radicle (RAD), Burn (ASH) , SuperRare (RARE), Fetch AI (FET), and Numeraire (NMR).

Other tokens will also be supported, including new DeFi tokens, metaverse, infrastructure and data management. Trading for these newly listed tokens will open on the API / FIX and ActiveTrader applications, followed by the Gemini Mobile app and website.

How to acquire Shiba Inu

Binance, Coinbase, and KuCoin have already listed SHIB. According to a tweet, Kraken said he would list Shiba Inu (SHIB) on November 2 if the tweet got 2.000 likes. This would have given SHIB greater liquidity, were it not that Kraken is back on his word, despite the tweet receiving over 50.000 likes. A petition that has garnered over 500.000 signatures is lobbying for the asset to be listed on Robinhood.

Another option is to use a decentralized exchange. To use a decentralized exchange like Uniswap, you need a software wallet like MetaMask to trade Ethereum with Shiba Inu. According to Ryoshi, the founder of SHIB, nearly half of the supply is locked in a liquidity pool on Uniswap.

Finally, it is possible to trade cryptocurrencies on automatic trading platforms such as Bitcoin Pro. This allows you to start with a minimum investment of $ 250 and to use both manual mode (for advanced traders) and automatic mode (for novice traders).

An expanding ecosystem

Meme coins are often short-lived, unlike entrenched coins like bitcoin and Ethereum. As such, they are often overlooked by most major trading platforms. Due to their massive supplies in circulation, prices are often fractions of a cent and some investors just buy them to get more "bang for their buck".

The Shiba Inu ecosystem consists of Shiba Inu (SHIB), Leash (LEASH) and Bone (BONE). SHIB is the fundamental currency of the project, LEASH has a supply of 107.646 tokens and is designed as a rebase token to track the price of Dogecoin (DOGE), and BONE has a supply of 250.000.000 and is a governance token.

ShibaSwap is a DeFi platform where you can buy and sell SHIB and LEASH. The platform also offers Shiboshi, which are SHIB-centric NFTs coined on the Ethereum blockchain. Similar to other NFT collections, each Shiboshi has different traits that make it unique.