Bitstamp To Support Shiba Inu, Others On Its Exchange Platform

Bitstamp, an extensive cryptocurrency exchange platform, released its planned schedule for its addition, and provision of support for cryptocurrency Shiba Inu and three others, in a post on it’s webpage on Wednesday, December 8.

Bitstamp is one of the oldest cryptocurrency exchange platforms , it is amongst the first batch of firms to open its doors and accommodate crypto related exchange activities. Established in early 2011, when the cryptocurrency industry was in its infant stage and was still obscure , it has brought quality service to its customer base over the years. 

As a registered firm in the U.K and Luxembourg, it has a very comprehensive customer base that span over a hundred different countries in the world, as of now. The exchange has a physical presence in up to five different countries and an online presence ‘virtually’ worldwide. According to its database , the exchange is home to more than four million users worldwide.

In the early hours of Wednesday, Dec. 8, Bitstamp published on its online blog page, the schedule it plans to follow, in activating support for three cryptocurrency tokens. Though already listed on the exchange, tokens Shina Inu, dYdX, Gala and Perpetual Protocol could not be used for buying and selling.

Owners of the three tokens can now trade them, without experiencing any difficulties. While users will be able to trade these tokens, they might not experience seamless trading sessions, as the exchange is yet to add the stop loss- take profit functions for the tokens. Apparently, the platform is aware of these inadequacies, and have released a schedule which shows a complete upgrade plan, for each token’s trading protocols and the timeline it will effect this change.

The Shiba Inu cryptocurrency token (SHIB), will be accommodated for complete trading protocols on Bitstamp on Thursday, December 9 starting from 8:00 am GMT. As at press time, the cryptocurrency  which is labelled Dogecoin killer in the crypto world, currently trades at $0.00003637,with a market cap of $19.93 billion according to Coinmarketcap.

Perpetual protocol’s PERP is the second cryptocurrency to be supported by the exchange, it is set to be added for full trading privileges on Bitstamp by Wednesday, December 9 at 8:00 am GMT. As of press time, Perpetual Protocol trades at $10.57 with a market capitalization of over $720 million, according to Coinmarketcap.

DYDX’s DEX support update follows closely, as indicated in the exchange’s schedule. The token will be accommodated , with complete privileges on the exchange on December 10, at 8:00 am GMT. As at press time, dYdX currently trades at $8.86 with a market capitalization of over $580 billion, according to Coinmarketcap.

The last addition in the exchange’s update is the GALA token. Full trading privileges will be afforded to the token, this will be effected in the exchange on December 13, at 8:00 am GMT. As at press time, GALA trades at $0.5195 with a market capitalization of over $3.6 billion, according to Coinmarketcap.

Bitstamp concluded, by informing the general public that complete trading will commence the instant the tokens generate enough buy and sell orders.

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