Kraken expands Shiba Inu support as SHIB Eternity launch approaches
Kraken has expanded its support for Shiba Inu (CRYPTO:SHIB), the popular dog-themed meme coin, ahead of the anticipated launch of SHIB Eternity.
On August 20, Kraken announced in an official blog post that it would be adding new margin pairs for Shiba Inu, including SHIB/EUR.
This move is part of Kraken’s broader strategy to offer a diverse range of crypto trading options and to cater to its extensive user base, particularly in Europe.
By introducing these new trading pairs, Kraken aims to enhance its portfolio and solidify its position as a top-tier crypto exchange.
The addition of SHIB margin pairs marks a significant milestone for Shiba Inu, which has evolved from a small-cap meme coin to a widely recognised digital asset within the cryptocurrency space.
European users and Kraken’s global customer base can now leverage positions on SHIB, offering them the potential for higher returns on trades.
Kraken’s decision to expand support for Shiba Inu comes at a pivotal time, as the Shiba Inu ecosystem prepares for the launch of SHIB Eternity, a mobile trading card battle game that integrates Web3 technology.
The game is expected to feature exclusive seasonal tournaments, enhanced rewards, and use BONE, one of Shiba Inu’s native tokens, for all blockchain transactions on its platform.
Lucie, Shiba Inu’s lead marketer, highlighted that SHIB Eternity is currently undergoing extensive testing and described the upcoming launch as a potential “game changer” for the Shibarium network.
The game’s integration with BONE (CRYPTO:BONE) and its potential to incorporate SHIB burns could play a crucial role in reducing the supply of these tokens, which may, in turn, drive up their prices.
As Kraken continues to broaden its crypto offerings, the exchange emphasised the importance of cautious trading, particularly when using margin, due to the associated costs and risks.
The exchange plans to support additional cryptocurrencies in the future, though specific details remain under wraps.
The imminent launch of SHIB Eternity is poised to significantly impact the Shiba Inu ecosystem, potentially contributing to the continued growth and development of the Shibarium network.
At the time of reporting, the Shiba Inu price was $0.00001426.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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