The Shiba Inu cryptocurrency token is heading toward a release on Coinbase, and investors recently got their biggest clue yet that it will happen soon.
Is Shib coin on Coinbase?
Coinbase recently added support for the Shib coin token to Coinbase Custody, a system that allows people to deposit and withdraw cryptocurrency assets.
- However, Shib coin’s arrival on Coinbase Custody “does not translate to a listing” on Coinbase, according to FX Empire.
- Instead, the move allows investors to “store their cryptocurrency assets via cold storage hardware wallets, which are offline vs. hot wallets that store assets online,” according to FX Empire.
Why is Shib coin not on Coinbase?
Shiba inu coin investors have been waiting for Shib coin to make its way onto Coinbase Pro, which was originally hyped in June. The listing would likely see Shib coin spike in price and value because it will drum up more social media discussion.
- “Coinbase added SHIB little more than a month after that coin’s creation, in marked contrast to its addition of Dogecoin, which seemed to take DOGE years,” according to CoinDesk.com.
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Coinbase Pro delayed its decision to list Shib coin on Coinbase Pro because of technical difficulties, per FX Empire.