- Announcing that he has recently signed a sponsorship agreement with Beşiktaş, one of Turkey’s well-established clubs, and the fastest growing crypto trading exchange in the Middle East, Rain said: Shiba Inu (SHIB) may be planning to list.
Popular crypto asset platform Rain announced in a recent tweet that it is considering listing the Shiba Inu cryptocurrency. Following this, it was claimed by Watcher Guru that the cryptocurrency team confirmed that they will be listing the Shiba Inu soon. According to the news site, Rain explained that SHIB is already installed on their backend systems, but trading is not yet available to users.
On March 17, Rain’s official Twitter account with 78,000 followers responded to Mikshake’s ‘Good morning’ tweet, one of Shiba’s development members, and asked, “Should we list SHIB?” she asked.
Should we list $SHIB? 🤔🤔
— Rain (@rainfinancial) March 17, 2022
The response from Rain shows that the exchange has a keen interest in the Shiba Inu token and its community, and the leading exchange wants to engage the Shiba Inu community with such tweets if any listing takes place. Welcoming Rain’s move very positively, Milkshake encourages the community to show love to Rain.
#ShibArmy lets show @rainfinancial the power of the community. As they asking if they should list $SHIBI think we can make it happen!👀
Tag them here, and send some love.
— MILKSHAKE (@shibainuart) March 17, 2022
Watcher Guru, a leading crypto news outlet, claimed that they reached out to Rain to question what the tweet meant, confirming that the exchange will soon list the Shiba Inu token. According to the platform; A spokesperson for Rain told Watcher Guru:
“Shiba Inu is listed on our platform. However, it is not yet a tradable coin and our dedicated team is working hard to make it happen.”
When asked about a timeline for when the popular meme coin will be listed, the spokesperson remained cautious and refused to confirm the launch date, replying:
“Unfortunately, there is no exact timeframe for when the trade will open for the Shiba Inu.”
Rain exchange
Rain emerged as the Middle East region’s first fully licensed cryptocurrency in 2019 after gaining approval from the Central Bank of Bahrain. The exchange, which previously raised $2.5 million from BitMEX and Kuwait-based Blockwater, completed its $6 million Series A funding round in 2021, raising capital from VC firm MEVP Capital and other investors.
Rain Financial, operator of the trading platform, has raised $110 million in a recent Series B funding round. The funding round was led by San Francisco-based crypto-focused investment firm Paradigm. The exchange said the newly injected capital will use the platform’s presence to expand into Pakistan and Turkey.
Which will be the 100th platform to list SHIB?
If Rain manages to successfully list SHIB, it will become the 100th trading platform to incorporate the Shiba Inu. Vivid Money became the 99th exchange to add the token to its platform last month.
Although Rain has a great chance in this regard, Bitstamp, Europe’s largest crypto platform, announced that it had listed Shiba Inu last year. However, Bitstamp did not open the SHIB trade for its users due to “technical issues” and announced that they would use the token after they fixed the issue. So it’s only a matter of time before Bitstamp officially starts trading for the Shiba Inu.
If Bitstamp starts trading for SHIB before Rain, it will be the 100th platform to incorporate the token. The race for 100th place is currently only between Europe’s Bitstamp and the Middle East’s Rain Exchange.
Shiba Inu listing spree
The last months of 2021 passed in a complete listing frenzy for the Shiba Inu. And as a result, it has now added Shiba Inu to 99 different crypto platforms worldwide.
While people are changing their guesses between Rain and Bitstamp, the token’s community is eager to see Robinhood become the 100th platform to list SHIB. However, the popular exchange platform seems to be heading in the opposite direction. Besides these; Rumors are circulating that Robinhood may list the Shiba Inu after launching their much-anticipated ‘crypto wallet’. However, none of them have been confirmed.
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.