Cryptocurrency exchange Bitstamp said Wednesday it has added support for Shiba Inu (CRYPTO: SHIB) and three other cryptocurrencies on its platform.
What Happened: Deposits and withdrawals for Shiba Inu were opened on Wednesday, while trading will start on Thursday, Bitstamp said in a blog post. Shiba Inu calls itself the “Dogecoin (CRYPTO: DOGE)-killer.”
Apart from Shiba Inu, Perpetual Protocol (CRYPTO: PERP), dYdX (CRYPTO:DYDX) and Gala (CRYPTO:GALA) have also been listed by Bitstamp.
Bitstamp noted that the four cryptocurrencies will not be available to its customers in the U.S. and Singapore for now.
See Also: How To Buy Shiba Inu (SHIB)
Why It Matters: Shiba Inu’s listing on Bitstamp is significant as it highlights the growing adoption of the meme cryptocurrency.
Crypto-friendly travel booking platform Travala.com said on Tuesday that users could now use Shiba Inu to book luxury vacations in over 230 countries.
Meanwhile, Bitstamp has not yet listed Dogecoin on its platform.
In an interview with Financial News in August, Bitstamp CEO Julian Sawyer said that the exchange will not list a cryptocurrency that “crashes on a billionaire’s tweet.”
Sawyer was referring to Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk, whose tweets about Dogecoin sometimes have an overwhelming impact on its price. The tech tycoon has been a major catalyst for the meme coin’s rise to prominence this year.
Price Action: Shiba Inu is down 1.3% during the past 24 hours, trading at $0.00003653 at press time.