Kraken, a cryptocurrency exchange platform, has decided not to list Shiba Inu coin on its platform, upsetting fans of the meme-bases cryptocurrency.
♥️ #SHIBArmy we’ve heard you loud & clear!
Community is an important part of our considerations for all listings, and you have clearly shown your support.
There’s more work for us to do as we move through our listing review process.
— Kraken Exchange (@krakenfx) November 2, 2021
Per Business Insider, Kraken hinted that it would add Shiba Inu coin onto its platform, allowing people to trade and exchange the crypto token on yet another platform.
But then, Kraken said Tuesday in a Twitter thread that it would not add the coin.
- ”There’s more work for us to do as we move through our listing review process,” the crypto exchange said.
This instantly upset the Shiba Inu community — commonly known as the Shiba Army — who were excited to see the coin listed on another platform.
- “Many users questioned why the exchange would make a pledge it did not intend to honor, while others threatened to delete their Kraken accounts,” according to Business Insider, “Yet others called on fans to have patience.”
The Kraken move would have happened before Shiba Inu coin made it to Robinhood, which is one of the biggest investing and cryptocurrency trading platforms out there. Fans of Shiba Inu have been monitoring the coin’s potential move to Robinhood and Kraken because that would create a new round of investors and buyers, potentially leading to a spike in the coin.
Rumors have persisted that Shiba Inu coin would make it onto Robinhood, which would be a major crypto platform for investors. The coin has already snuck onto Coinbase, which is a major popular trading platform, and Public, a retail trading app that rivals Robinhood.
