As of right now, there is no Shiba Inu on Coinbase. This may come as a surprise to some people since Shiba Inu has been one of the most popular cryptocurrencies in recent months.
However, there are a few reasons why Coinbase may not list SHIB.
One reason is that Shiba Inu is not a very well-known cryptocurrency. It was only created in early 2020 and it doesn’t have the same level of name recognition as other coins like Bitcoin or Ethereum.
This may make it harder for Coinbase to justify listing SHIB.
Coinbase does not currently list Shiba Inu (SHIB) as a tradable cryptocurrency. Any claims that SHIB is available for trading on Coinbase should be treated with extreme caution. Trading in cryptocurrency is highly speculative and involves significant risk. Any information claiming otherwise should be verified by an independent source before investing or trading.
Another reason is that Shiba Inu is a meme coin. It was created as a joke and its main purpose is to be used as a tipping currency on social media platforms like Twitter.
While there’s nothing wrong with this, it doesn’t fit Coinbase’s mission of listing “serious” cryptocurrencies.
Finally, Shiba Inu has a very volatile price. It has spiked in value by over 1000% in the past few months but it could just as easily crash back down to earth.
This makes it a risky investment for Coinbase, which prefers to list coins with more stability.
So, as of right now, there is no Shiba Inu on Coinbase. This could change in the future if the coin becomes more well-known and its price becomes more stable but for now, SHIB remains off the platform.