Despite sneering at Dogecoin earlier this year, Bitstamp is now a competitor to the biggest cryptocurrency Shiba Inu (SHIB) listed
There has been an event today that, according to the community, appears to be one of the most significant boosts for the meme coin to date, and Bitstamp, one of the world’s longest-running cryptocurrency trading platforms, has listed the Shiba Inu (SHIB).
Deposits and withdrawals are already open, starting at 11:00 on 9 December, Turkey time.
Bitstamp out of Shiba Inu Perpetual Protocol (PERP), dYdX (DYDX) and Gala (GALA) Cryptocurrencies such as It is worth noting that the mentioned cryptocurrencies cannot be used in the USA and Singapore for now.
Bitstamp also listed Cardano (ADA) on its platform in late November.
Quality over Quantity
In 2011, the now defunct Mt. Launched as a European alternative to the Gox exchange, Bitstamp is known for its emphasis on regulatory compliance.
The Luxembourg-based exchange adhered to its conservative listing policies and chose to ignore Dogecoin despite the enormous retail interest that pushed the price of the original meme coin through the roof in early 2021.
Commenting on their stance on Dogecoin in September, Bitstamp CEO Julian Sawyer claimed that the exchange prioritized quality and quality over quantity, and disputed the influence of famous billionaire Elon Musk on Dogecoin’s price action:
“The problem is that if you go for cryptos that go up with a billionaire’s tweet or fall on a billionaire’s tweet, we don’t think it’s true.”
In terms of trading volume, Bitstamp remains the largest exchange in Europe.
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.