Coinbase to List Shiba Inu
Coinbase, the largest crypto exchange in the US, is planning to list Shiba Inu (SHIB) for its futures contracts. They’ve submitted a filing to the Commodity Trading Futures Commission (CFTC) to start trading soon.
Shiba Inu’s Growing Influence
This filing is a major boost for Shiba Inu, showing its growing importance in the crypto market. Coinbase will be the first US exchange to offer margined future contracts for SHIB.
Futures Contracts Explained
Futures contracts allow traders to speculate on the future price of an asset. They can also be used to manage risk and hedge against price fluctuations.
Coinbase’s Commitment
Coinbase’s decision to offer SHIB futures shows their commitment to meeting the needs of their users. It also demonstrates their dedication to providing diverse and accessible trading options.
Other Cryptocurrencies Added
Besides Shiba Inu, Coinbase will also add Avalanche (AVA), Chainlink (LNK), Polkadot (DOT), and Stellar (XLM) to its futures contracts.
Shiba Inu Price Unmoved
Despite the announcement, Shiba Inu’s price has not seen a significant increase. It remains below $0.00002, reflecting a decline over the past month.
