Coinbase Pro Exchange Postpones the Listing of Shiba Inu (SHIB), SHIB Price Falls by -18%
Coinbase Pro has lately announced that they are postponing the listing of both Shiba Inu (SHIB) and Chiliz (CHZ) on the platform. They reasoned that the launching schedule of both the coins has been pushed back after the platform encountered “technical issues”. The temporary postponement of Shiba Inu comes after deposits were released yesterday and were at the cusp of offering the token to the users.
Reports say that the repositories of SHIB have been blocked. However, users still have the option of removing it from the platform. Coinbase Pro hasn’t yet given any specific reason for the delay in listing SHIB. In fact, this is very unusual for a platform like Coinbase Pro because of the lack of precedence. The platform only said:
“We will provide a new schedule for deposits and the start of trading as soon as we can.”
The news of delay in listing Shiba Inu (SHIB) token on the Coinbase Pro platform led to a -18% fall in its price. The “Coinbase effect” made the SHIB price jump by +30% a couple of days back and the same effect led to a drop in its price by -18%.
After this massive fall in price, SHIB is hovering around US$0.000007373 at press time. Despite this massive fall in price, the market capitalization of Shiba Inu is hovering around US$2.9 billion. This is possible mainly because of the gigantic supply of 500,000,000,000,000 SHIB tokens.
It remains to be seen whether Shiba Inu gets relisted on the Coinbase Pro platform and gains its legitimacy as a successful project after that.