Dogecoin Killer Shiba Inu to Start Trading on Bitstamp


Although it snubbed Dogecoin earlier this year, Bitstamp has now listed its rival Shiba Inu

Bitstamp, one of the longest-standing cryptocurrency trading platforms in the world, has listed Shiba Inu (SHIB) in what appears to be one of the most significant endorsements for the meme coin to date.

Deposits and withdrawals have already been opened, with trading starting on December 9 at 8:00 UTC.

Apart from Shiba Inu, Perpetual Protocol (PERP), dYdX (DYDX) and Gala (GALA) have also been added to Bitstamp.

It should be mentioned that the aforementioned cryptocurrencies will not be available in the United States and Singapore at this time.

As reported by U.Today, Bitstamp also listed Cardano (ADA) in late November.

Quality rather than quantity

Bitstamp, which was launched in 2011 as a European alternative to the former Mt. Gox exchange, is known for its strong focus on regulatory compliance.

Sticking to its conservative listing policies, the Luxemburg-headquartered exchange chose to ignore Dogecoin despite the immense retail interest that pushed the price of the original meme coin through the roof in early 2021.

Bitstamp CEO Julian Sawyer commented on the snub in September, saying the stock market prioritizes quality over quantity. He objected to billionaire Elon Musk’s influence on Dogecoin’s price action:

The issue is that if you go to some that are hyped up by a billionaire’s tweet, or crashes on a billionaire’s tweet, we don’t think that’s right.

Bitstamp remains the largest European exchange in terms of trading volume.


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