Kraken is a cryptocurrency exchange established in 2011 and headquartered in California. The Kraken Login exchange hosts trading for a variety of crypto assets, including pairings with multiple different fiat currencies. Kraken Bitcoin trading occurs under the ticker XBT. Kraken offers a number of features, including margin trading for certain assets, with 5x as the leverage limit. Kraken also offers to stake along with over-the-counter trading. OTC trading eligibility is based on certain parameters.
Among the Kraken Login crypto offerings is a futures trading platform, Kraken Futures, which allows maximum leverage of 50x — although customers located in certain regions, such as Kraken U.S. customers and those in Japan, cannot use the platform.
Kraken Australia managing director Jonathon Miller told Cointelegraph that the crypto marketplace supports projects with a clear demand for trading, including SHIB.
At the time of publishing, SHIB is the 12th-largest cryptocurrency with a market capitalization of $25.81 billion. SHIP has surged over 20% in the last 24 hours on the listing news.
Miller added, “I wouldn’t describe Kraken as being the place where every single coin is listed, that’s not been what we have been known for.”
Kraken is one of the least conservative exchanges with 93 assets on the exchange in total. Meanwhile, Coinbase supports 51 assets, and Robinhood only supports seven.
Other exchanges have been hesitant to list the Dogecoin-inspired altcoin over regulatory concerns, despite increasing pressure from their users. On Friday, SHIB surpassed 1 million holders despite trading 50% below its all-time high.
On Nov. 10, Robinhood chief operating officer Christine Brown said that the platform’s “strategy is different than a lot of the other players out there who are racing to list as many assets as possible right now.” The Change.org petition requesting that Robinhood list the Shiba Inu coin has amassed over half a million signatures Kraken Login.
Miller added, “There are certain services that we have that don’t really fit the regulatory mold. So there’s this gray area that the whole industry exists in, and that’s not specific to us.”