Coinbase Pro users can now transfer CHZ, KEEP, and Shiba Inu (SHIB) to their accounts starting June 15. Trading will commence on June 17 (Thursday) if liquidity conditions are met, ensuring demand fulfillment.
Key Details About the Listing
- Supported Jurisdictions: Available in all Coinbase-supported regions except Singapore.
- New York Restrictions: Residents cannot trade CHZ or SHIB.
- Recent Additions: Coinbase Pro recently enabled trading for Polkadot (DOT), Dogecoin (DOGE), Tether (USDT), Cardano (ADA), and SushiSwap (SUSHI).
SHIB vs. DOGE: What’s the Difference?
While Shiba Inu is a meme coin like Dogecoin, it operates as an ERC-20 token on the Ethereum network, unlike DOGE’s standalone blockchain.
👉 Explore more about Ethereum-based tokens
Trading Timeline and Pairs
- Deposits Open: June 15 (Pacific Time).
- Trading Starts: June 17, 9:00 AM PT (subject to liquidity).
- Trading Pairs: USD, EUR, GBP, BTC, and USDT.
"CHZ, KEEP, and SHIB inbound transfers are now live in regions where trading is supported. Orders will not execute until June 17."
— @CoinbasePro
Pro Tip: Coinbase Pro may pause trading if market conditions violate orderly trading standards.
Market Impact
- SHIB’s price surged 35% post-announcement, peaking at **$0.00000933** (from $0.00000730).
- Current price: ~$0.00000854 (CoinMarketCap).
FAQs
1. Can I trade SHIB in New York?
No, SHIB and CHZ are unavailable for New York residents due to regulatory restrictions.
2. What currencies support SHIB trading on Coinbase Pro?
USD, EUR, GBP, BTC, and USDT.
3. Is SHIB an ERC-20 token?
Yes, it runs on the Ethereum network, unlike Dogecoin.
4. Why was trading delayed until June 17?
To ensure sufficient liquidity and market stability.
👉 Learn how to trade meme coins strategically
Final Notes
The listing underscores Coinbase Pro’s commitment to expanding its altcoin offerings. Investors should monitor liquidity and regulatory updates for seamless trading.
"Mastery of strategy over years defines a warrior’s spirit. Today’s victory is over yesterday’s self." — Miyamoto Musashi
### Keywords:
- **Shiba Inu (SHIB)**
- **Coinbase Pro listing**
- **ERC-20 token**
- **Meme coins**
- **Cryptocurrency trading**
- **CHZ and KEEP**
- **Liquidity conditions**
- **Altcoin market**