The price of the crypto meme Shiba Inu has recorded a 26.94% increase over the past 24 hours to $0.00004938, according to CoinMarketCap.
The altcoin's price has started to rise after crypto exchange Kraken announced it was listing SHIB. Deposits in Shiba Inu are now open, while trading will start to become available today.
Shiba Inu will trade in pairs with the USD and EUR. Shiba Inu will initially not be available for margin and futures trading.
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Two weeks ago, Brian Hoffman, product manager at Kraken, posted a photo on Twitter of a Shiba Inu dog typing on a laptop. Users suggested this might indicate the imminent inclusion of Shiba Inu on the platform.
Last November 27, online retailer Newegg announced it will soon add the ability to pay with the Shiba Inu token.