{"id":199327,"date":"2021-09-18T02:00:38","date_gmt":"2021-09-18T01:00:38","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=199327"},"modified":"2021-10-16T02:38:49","modified_gmt":"2021-10-16T01:38:49","slug":"shiba-inu-coin-shib-pumps-and-sees-2-billion-traded-after-coinbase-listing","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/shiba-inu-coin-shib-pumps-and-sees-2-billion-traded-after-coinbase-listing\/","title":{"rendered":"Shiba Inu coin (SHIB) pumps and sees $2 billion traded after Coinbase listing"},"content":{"rendered":"<p><a href=\"https:\/\/cryptoslate.com\/coins\/shiba-inu\/\"><span style=\"font-weight: 400;\">Shiba Inu coin (SHIB)<\/span><\/a><span style=\"font-weight: 400;\"> believers were in for a surprise Friday morning after <\/span><a href=\"https:\/\/cryptoslate.com\/companies\/coinbase\/\"><span style=\"font-weight: 400;\">Coinbase<\/span><\/a><span style=\"font-weight: 400;\">, one of the world\u2019s largest and most regulated crypto exchanges, <\/span><a href=\"https:\/\/blog.coinbase.com\/shiba-inu-shib-is-now-available-on-coinbase-e7fdd13856be\"><span style=\"font-weight: 400;\">listed the memecoin<\/span><\/a><span style=\"font-weight: 400;\"> on its platform.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cSHIB is now live on Coinbase and in the Coinbase iOS and Android apps. Coinbase customers can log in now to buy, sell, convert, send, receive or store SHIB,\u201d the exchange said in a tweet.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">SHIB is now live on Coinbase and in the Coinbase iOS and Android apps. Coinbase customers can log in now to buy, sell, convert, send, receive or store SHIB.<\/p>\n<p>&mdash; Coinbase (@coinbase) <a href=\"https:\/\/twitter.com\/coinbase\/status\/1438539155487735817?ref_src=twsrc%5Etfw\">September 16, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">The move is slightly uncanny for Coinbase, which has historically taken a regulatory-first approach towards listing cryptocurrencies on its platform. The firm also went public earlier this year\u2014holding it accountable to <\/span><i><span style=\"font-weight: 400;\">even more<\/span><\/i><span style=\"font-weight: 400;\"> regulations and liasions now that public money is involved.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Coinbase is, however, starting to make moves to appeal to a broader base of investors. It raised $2 billion in a debt note offering this week to expand its product offering, and has listed \u2018altcoins\u2019 at a faster rate this year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cOne of the most common requests we hear from customers is to be able to buy and sell more cryptocurrencies on Coinbase. We announced a process for listing assets, designed in part to accelerate the addition of more cryptocurrencies,\u201d stated Coinbase in a release. \u201cWe are also investing in new tools to help people understand and explore cryptocurrencies,\u201d it added.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Such moves help bolster the rising coffers of Coinbase: It earned over $1.2 billion in revenue in Q1 2021, but is arguably looking for more.<\/span><\/p>\n<h2><b>Shiba Inu frenzy<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Inspired by the breed of cutesy Shiba Inu dogs which find their place in the online meme community, Shiba Inu was launched in August 2020 by a group of anonymous developers looking to emulate the success of Dogecoin.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Well we are happy to touch &quot;base&quot; <a href=\"https:\/\/twitter.com\/coinbase?ref_src=twsrc%5Etfw\">@coinbase<\/a> ? *Wink* <a href=\"https:\/\/t.co\/jX2zedmOx7\">https:\/\/t.co\/jX2zedmOx7<\/a><\/p>\n<p>&mdash; Shib (@Shibtoken) <a href=\"https:\/\/twitter.com\/Shibtoken\/status\/1438553363252060181?ref_src=twsrc%5Etfw\">September 16, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">The token didn\u2019t instantly catch on among the masses, but incessant hype\u2014partly driven by the antics of Tesla CEO Elon Musk and his Dogecoin fascination on social app Twitter\u2014saw SHIB rise 15,067,601% from its November lows.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That\u2019s enough to turn every $1,000 invested in the token to a staggering $150 million as of today, and <\/span><i><span style=\"font-weight: 400;\">even more<\/span><\/i><span style=\"font-weight: 400;\"> at SHIB\u2019s all-time high of $0.00003791 in May 2021.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, SHIB pumped nearly 35% to a daily high of $0.00000932 after yesterday\u2019s listing. Over $412 million worth of the token exchange hands on Coinbase at press time, and over $2 billion traded across all crypto exchanges combined.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu coin (SHIB) believers were in for a surprise Friday morning after Coinbase, one of the world\u2019s largest and most regulated crypto exchanges, listed the memecoin on its platform. \u201cSHIB is now live on Coinbase and in the Coinbase iOS and Android apps. Coinbase customers can log in now to buy, sell, convert, send, [&hellip;]<\/p>\n","protected":false},"author":65,"featured_media":199297,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35372,77032,6849],"tags":[76872],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Shiba Inu coin (SHIB) pumps and sees $2 billion traded after Coinbase listing<\/title>\n<meta name=\"description\" content=\"Shiba Inu coin (SHIB) believers were in for a surprise Friday morning after Coinbase listed the memecoin on its platform.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/shiba-inu-coin-shib-pumps-and-sees-2-billion-traded-after-coinbase-listing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shiba Inu coin (SHIB) pumps and sees $2 billion traded after Coinbase listing\" \/>\n<meta property=\"og:description\" content=\"Shiba Inu coin (SHIB) believers were in for a surprise Friday morning after Coinbase listed the memecoin on its platform.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/shiba-inu-coin-shib-pumps-and-sees-2-billion-traded-after-coinbase-listing\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-18T01:00:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-10-16T01:38:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/09\/shiba-inu.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Shaurya Malwa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shaurya Malwa\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/shiba-inu-coin-shib-pumps-and-sees-2-billion-traded-after-coinbase-listing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/shiba-inu-coin-shib-pumps-and-sees-2-billion-traded-after-coinbase-listing\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/#person\",\"name\":\"Shaurya Malwa\",\"url\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/author-shaurya-malwa.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/author-shaurya-malwa.jpg\",\"caption\":\"Shaurya Malwa\"},\"jobTitle\":\"Analyst\",\"description\":\"Post-mining his first bitcoin in 2012, there was no looking back for Shaurya Malwa. 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An economics graduate from the University of Wolverhampton, he breathes financial markets and decentralized ideologies. When not writing, Shaurya works on his culinary skills, trades the big three cryptocurrencies, and surfs airplane blogs.","url":"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/199327"}],"collection":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/users\/65"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/comments?post=199327"}],"version-history":[{"count":1,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/199327\/revisions"}],"predecessor-version":[{"id":199330,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/199327\/revisions\/199330"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media\/199297"}],"wp:attachment":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media?parent=199327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/categories?post=199327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/tags?post=199327"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/post_folder?post=199327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}