- The Coinbase Pro cryptocurrency exchange is listing Shiba Inu (SHIB), Chiliz (CHZ) and Keep Network (KEEP)
- SHIB is an Ethereum-based “meme token” that looks to emulate the success of Dogecoin
- CHZ is used on the Socios platform for fan tokens
- KEEP is the native token of blockchain privacy layer Keep Network
Coinbase Pro lists Shiba Inu, Chiliz and Keep Network
The Coinbase Pro exchange is busy listing new cryptocurrencies. Just yesterday, we covered the exchange’s move to list Polkadot, and Coinbase Pro has now announced that Chiliz, Keep Network and Shiba Inu will also be making their way to the platform soon. Trading for the three tokns will start on June 17, provided there is sufficient liquidity.
CHZ is a token used by the Socios fan token platform. On Socios, users can buy fan tokens branded by professional (e)sports teams, which give holders access to exclusive rewards and promotions. The fan tokens can also be used to vote on certain club decisions. CHZ will be listed on Coinbase Pro in pairs against USDT, USD, EUR and GBP.
KEEP is the native token of Keep Network, a privacy layer that utilizes off-chain private enclaves that allow smart contracts to use private data without exposing it to the public. Among other use cases, Keep Network enables tBTC, a permissionless method of representing BTC on the Ethereum blockchain. Keep will be available on Coinbase Pro via a trading pair against the USDT.
SHIB is easily the most controversial of Coinbase Pro’s most recent batch of listings. Shiba Inu is an Ethereum-based token that emulates the more popular Dogecoin cryptocurrency (which Coinbase Pro also recently listed). Like with DOGE, the supply of SHIB is massive, resulting in a low price per unit. But while the Dogecoin project doesn’t have ambitions beyond being a fun cryptocurrency that can be used in peer-to-peer payments, the Shiba Inu project says that they are building a decentralized ecosystem that includes a DEX and an incubator for NFT artists.
Shiba Inu was launched in August last year by someone using the pseudonym “Ryoshi”. Half of the token’s supply was locked on the Uniswap decentralized exchange, while the other half was given to Ethereum co-founder Vitalik Buterin as a (unsolicited) gift. The token went largely unnoticed until this year, when the sudden success of Dogecoin prompted some traders to look for alternatives. SHIB surged in price and the token was listed on some of the world’s biggest crypto exchanges, such as Binance.