Bitrabo Editorial
Kraken, a well-known cryptocurrency exchange, has broadened its support for the Shiba Inu (SHIB) meme coin. This move precedes the highly anticipated launch of SHIB Eternity, which is a significant event for the Shiba Inu ecosystem.
Kraken Extends Support For Shiba Inu
Recently, Kraken announced its expanded support for various cryptocurrency pairs, including Shiba Inu, through an official blog post on August 20. This new development includes new margin pairs for Shiba Inu, such as SHIB/EUR, catering to European users’ trading preferences.
This support signifies a notable milestone for Shiba Inu, transitioning from a small meme coin to a widely recognized digital asset in the crypto sphere. With this new support, Shiba Inu enthusiasts in Europe and Kraken users globally can engage in SHIB trading, potentially gaining returns from their trades.
Kraken’s inclusion of SHIB margin pair aligns with its strategy to offer diverse crypto trading options and expand its portfolio further, enhancing its position as a leading crypto exchange with strong community support.
While the exchange plans to support more cryptocurrencies in the future, the specifics of these pairs remain undisclosed due to policy constraints. Kraken advises investors to trade cautiously to prevent potential losses, emphasizing that margin trading necessitates collateral cryptocurrencies and carries additional costs and requirements.
SHIB Eternity Launch Imminent As Testing Continues
Shiba Inu’s integration on Kraken precedes the launch of SHIB Eternity, a mobile trading card battle game introducing Web3 features, exclusive tournaments, enhanced rewards, and utilizing BONE, one of Shiba Inu’s native tokens for blockchain transactions.
SHIB Eternity, currently undergoing testing, is anticipated to be a game-changer for the Shibarium network, as per Lucie, Shiba Inu’s lead marketer. The game’s release could significantly influence Shibarium’s growth and development.
Lucie’s mention of BONE and SHIB burns suggests that SHIB Eternity might contribute to reducing the supply of BONE and SHIB tokens through burn mechanisms, potentially impacting the cryptocurrencies’ prices positively.