Coinbase Pro has officially announced the relisting of the Shiba Inu token (SHIB) on its platform. Deposits are currently being accepted, with trading scheduled to begin on September 9 at 9 AM Pacific Time (12:00 AM Beijing Time on September 10), provided sufficient liquidity conditions are met.
This move follows a previous attempt by Coinbase Pro to list SHIB on June 17, which was postponed due to technical issues. At that time, the exchange also temporarily suspended SHIB deposits to address the challenges.
The relisting represents a significant step for Shiba Inu enthusiasts and investors, offering renewed access to a major trading platform known for its robust security and user-friendly interface.
Understanding the Shiba Inu Token (SHIB)
Shiba Inu (SHIB) is a decentralized cryptocurrency created as an alternative to Dogecoin. It gained popularity due to its active community, meme-inspired branding, and growing ecosystem, which includes decentralized exchanges and NFT projects.
Unlike many traditional cryptocurrencies, SHIB operates on the Ethereum blockchain as an ERC-20 token, meaning it benefits from Ethereum’s security and infrastructure while also being compatible with a wide range of wallets and decentralized applications.
Why Relisting Matters for SHIB Investors
The relisting of SHIB on Coinbase Pro improves accessibility for traders and enhances liquidity, which can contribute to price stability and broader market participation. For existing holders, it simplifies the process of trading and managing assets within a regulated and secure environment.
Additionally, being listed on a major exchange like Coinbase Pro often brings increased visibility and legitimacy, potentially attracting new investors to the SHIB ecosystem.
How to Deposit and Trade SHIB on Coinbase Pro
For users interested in trading SHIB on Coinbase Pro, the process is straightforward:
- Ensure you have a verified Coinbase Pro account.
- Navigate to the “Deposit” section and select SHIB from the list of supported assets.
- Transfer SHIB tokens from an external wallet or another exchange to your Coinbase Pro deposit address.
- Once deposits are credited, you can place limit, market, or stop orders when trading goes live.
Always double-check addresses before initiating transfers to avoid errors.
👉 Explore more trading strategies
Frequently Asked Questions
What is Shiba Inu (SHIB)?
Shiba Inu is a meme-inspired cryptocurrency built on the Ethereum blockchain. It started as a fun alternative to Dogecoin but has since evolved into a project with its own decentralized exchange and growing utility.
Why was SHIB delisted earlier?
SHIB was not officially delisted but faced a delayed launch in June due to technical issues on Coinbase Pro’s end. The exchange paused deposits and trading until those issues were resolved.
When will SHIB trading begin?
Trading is expected to start on September 9 at 9 AM PT (September 10, 12:00 AM Beijing Time), assuming liquidity requirements are met. Users can already deposit SHIB to their accounts.
Is Coinbase Pro safe for trading SHIB?
Yes, Coinbase Pro is a regulated and insured cryptocurrency exchange known for its strong security measures, including two-factor authentication and cold storage for funds.
Can I transfer SHIB from Coinbase to Coinbase Pro?
Yes, users can transfer SHIB between Coinbase and Coinbase Pro fee-free. This allows for easy arbitrage and portfolio management across both platforms.
What pairs will SHIB be traded against?
While exact pairs haven’t been confirmed yet, popular trading pairs like SHIB/USD and SHIB/USDT are commonly supported for major tokens on Coinbase Pro.
Conclusion
The relisting of Shiba Inu on Coinbase Pro marks a positive development for the token’s community and the broader cryptocurrency market. With enhanced accessibility and improved liquidity, SHIB continues to solidify its presence as a prominent digital asset.
For traders and long-term holders, this offers a trusted platform to engage with the Shiba Inu ecosystem. As always, participants should conduct their own research and practice risk management when trading volatile assets.