Cryptocurrency exchange Bitstamp announced Wednesday that it has added support for four more cryptocurrencies, including the popular meme coin Shiba Inu (SHIB). The crypto exchange also added support for dydx (DYDX), gala (GALA), and perpetual protocol (PERP). Users will be able to trade them against the U.S. dollar or the euro. The London-headquartered exchange opened deposits and withdrawals for Shiba Inu Wednesday.
U.S and Singapore won’t be able to trade Shiba Inu for the time being.
Bitstamp explained that users “will be able to place and cancel limit orders” on Thursday, the crypto exchange detailed, adding that “Order matching will start and trades will be executed normally” on the same day. The exchange clarified: Once the order books gather sufficient liquidity, we will also enable all order types and card purchases for the new trading pairs. However, Bitstamp noted that “for the time being, these assets will not be available to our U.S. and Singapore customers.”
Shiba Inu’s popularity continues to rise.
The adoption of the meme coin Shiba Inu has been steadily rising. On Tuesday, the crypto-friendly travel website Travala announced that it had added SHIB as a payment method, allowing users to purchase over 3 million travel products with the meme crypto. Retail giant Newegg recently announced that it would start accepting SHIB for payments on its platform this month, while AMC Theaters said it would start accepting the cryptocurrency in the first quarter of next year. As reported earlier in November, two major crypto exchanges, Kraken and Gemini, added support for SHIB.
Shiba Inu supporters have been petitioning on Change.org for the popular trading platform Robinhood to list SHIB, but the company recently said that it is in no hurry to add another cryptocurrency to its platform.