Kraken Crypto Exchange Failed to List Shiba Inu (SHIB), Causing it to Fall?

Kraken crypto exchange failed to list Shiba Inu (SHIB) on its trading platform on November 3. This comes after the crypto exchange promised on November 1, through its social channels that it would list SHIB token.


As a result, many users threaten to delete their Kraken account, calling the exchange’s failure to list the memecoin that became a sensation in the last few weeks as proof that it cannot be trusted.


All started on November 1, when the crypto exchange explained that it would list the token on November 3, if one of its tweets would accumulate at least 2,000 likes, which eventually did happen.


However, Kraken exchange suddenly announced on the same day that it would go under maintenance on November 2. After that, the crypto exchange came back with an explanation, saying that it would not list the "Dogecoin Killer" yet because it has to follow severe listing methods.

According to Kraken’s website, they usually follow a strict token listing procedure, including an accurate review and background investigations of the token and community. But, SHIB foundation had not officially applied for listing. The exchange did it itself.



At the writing time, SHIB token fell by 14% in the last 24-hour. The token is trading at $0.00005728 on CoinMarketCap.