Kraken Makes New SHIB Addition, Shiba Inu Lead Dev Reacts

Kraken Integrates Shiba Inu (SHIB) as Collateral Asset for Futures Trading

Prominent cryptocurrency exchange Kraken has expanded the utility of Shiba Inu (SHIB) by adding it as a collateral asset for futures trading. This allows Kraken Pro users to leverage SHIB to access over 200 perpetual futures contracts.

Shiba Inu Lead Developer's Positive Response

Shytoshi Kusama, the lead developer of the Shiba Inu ecosystem, expressed enthusiasm for Kraken's move. His positive reaction suggests that he views it as a significant development with potential long-term benefits for SHIB.

Kraken's Expanded Support for Memecoins

In addition to SHIB, Kraken has also added Pepe (PEPE) and Dogwifhat (WIF) as collateral assets for futures trading. This allows users to access over 200 perpetual contracts using these memecoins.

Kraken's Ongoing Commitment to Shiba Inu

Since officially listing SHIB in November 2021, Kraken has consistently expanded its support for the memecoin. Recent developments include reduced trading fees, the introduction of futures trading, and new SHIB margin pairs.

Enhanced Utility and Growth Potential for SHIB

Kraken's latest move enhances SHIB's utility and growth potential. It could attract new users and increase its overall adoption.

Disclaimer: This article provides information for educational purposes only and should not be considered investment advice. Readers should conduct their own thorough research before making any investment decisions. Times Tabloid is not responsible for any financial losses resulting from actions taken based on the information provided.