Crypto Exchange Gemini Lists Shiba Inu As Number Of Holders Increases

Crypto exchange Gemini has added support for popular meme coin Shiba Inu (SHIB) amid growing interest. Gemini announced that it has now supports SHIB in addition to a few new defi, metaverse, infrastructure, and data management tokens.

Related Reading | Shiba Inu Beats Out Cardano, Dogecoin On Top 10 Watch-Listed Tokens

The exchange’s new addition comes as holders of the meme coin are steadily increasing.

The crypto exchange announced its latest additions in a blog post on Friday.

“We are delighted to announce support for Shiba Inu (SHIB), as well as a range of new DeFi, metaverse, infrastructure, and data management tokens.” the company said.

“Shiba Inu (SHIB), Audius (AUDIO), Mask Network (MASK), Wrapped Centrifuge (WCFG), Quant (QNT), Radicle (RAD), Burn (ASH), Superrare (RARE), Fetch.ai (FET), and Numeraire (NMR) are now supported for deposits and custody on Gemini.”

SHIB’s recent listing on Gemini’s platform is a sign of how much users are demanding the coin. In fact, the petition for another major exchange, Robinhood, to add support for SHIB is still ongoing. At the moment, the petition already has 532,237 signatures. However, Robinhood recently indicated that it is not rushing to add any new coins to its platform.

Last week, Christine Brown, Robinhood Crypto’s COO and VP of Product Operations talked about her company’s crypto strategy at a conference. Responding to a question about whether the exchange will list SHIB, she replied “When it comes to our strategy of what we are going to list, the first thing is that we’re not going to talk about it. So I’m not going to break that news here, unfortunately.”

She further explained that the company’s strategy is different from others like Coinbase, who are racing the list as many assets as possible.

“We want to make sure we are working and assessing everything from a regulatory perspective very well. And we are a safety-first company so that’s how we’re going to play it.”

Coinbase, on the other hand, is eager to list many cryptocurrencies. Earlier this month, the exchange announced that Shiba Inu is now available to New York residents. Although, it has been offering SHIB on its platform since June.

As SHIB grows in popularity, more and more people want to get their hands on it.

Related Reading | AMC Theatres Says Customers Will Soon Be Able To Pay With Shiba Inu

The number of Shiba Inu holders is getting closer to the long-awaited number of one million holders in total. At the time of writing, 985,674 unique addresses now hold SHIB assets.