The prolonged period of waiting is finally over for the Shib Army as Bitstamp, a crypto exchange operating out of Europe that has been in the crypto game since 2011, added the popular dog-themed cryptocurrency to its listings.
Woof! You kept telling us to launch it, so here it is! We’re listing SHIB! Bitstampers can finally join the #ShibArmy! Read more here: https://t.co/s4L05HneQO pic.twitter.com/FNfoDPay8PThe Vibrant Community of Shiba Inu Has a Powerful Voice— Bitstamp (@Bitstamp) June 6, 2022
On their official blog, the largest European cryptocurrency exchange explained that, while Shiba Inu (SHIB) might not look as serious as most other top cryptocurrencies, it has one of the largest communities. It goes without saying that the community is bound to grow further from this point onwards, as interest in cryptocurrencies among the general public continues to increase.
Dog lovers, the art community, and even Ethereum’s (ETH) founder Vitalik Buterin all call the Shib Army home, as is vividly explained in SHIB’s ‘Woof‘ paper.
For now, Bitstamp have made the following trading pairs available on the platform:
A Change in Perspective for Bitstamp
Last year, the former CEO of Bitstamp Julian Sawyer wasn’t keen on listing another well-known dog-themed cryptocurrency – Dogecoin (DOGE). After refusing to list DOGE on the platform, Sawyer cited technical issues as the reason to also deny a listing for Shiba Inu (SHIB), but left the company a month ago.
The new CEO, JB Graftieaux, was lifted from the headquarters of European operations to become the new global CEO. This definitely seems like a good start for the new CEO, as the promise of listing Shiba Inu (SHIB) was finally delivered upon.
Shiba Inu (SHIB) Price is Still in the Red
Despite the good news, Shiba Inu (SHIB) is trading at $0.00001058 at the tiime of writing, reflecting a dangerous decrease of 5.1% in the last 24 hours, and 13.2% compared to a week ago. However, Shiba Inu (SHIB) still maintains gains of 24% year-to-date, which suggests that long-term investment in the popular meme coin may be justified.