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Bitstamp pushes Shiba Inu [SHIB] listing to 2022

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Bitstamp had earlier mentioned that it will be listing Shiba Inu [SHIB] on its exchange portal. Along with the ‘dogecoin killer’, Bitstamp is also listing DYDX, GALA, and Perpetual Protocol (PERP) cryptocurrencies.

As the wait continued for Bitstamp to list Shiba Inu, the investors of the famous meme coin grew curious. The exchange has been experiencing a lot of technical difficulties while integrating SHIB on their portal, but they seem to be redressing the issue.

Better late than never; A happy Christmas for Shiba Inu community

Bitstamp has reassured its traders that the meme coin will be listed on their portal, but it might take a while. The exchange portal has taken to Twitter to announce that the asset will be enlisted in the coming year, 2022.

Shiba Inu being listed on Bitstamp has a hefty impact as SHIB accomplished this feature in less than two years of its initiation. Bitstamp isn’t just another trading platform in the market, it is the most trusted and user-friendly application that European investors rely on. Bitstamp is the largest exchange in Europe and claims to have 4.4 billion users all over the world.

The fans of this meme coin, who call themselves the ‘SHIBARMY’ have expressed their gratitude with a tweet

“Thank you for the update, #SHIBARMY truly appreciate you support”

Shiba Inu coin was created in the year 2020, anonymously. The altcoin rapidly gained speed and value as a swarm of investors were drawn by the appealing charm of the coin. The new listing has created a rampage of excitement amongst the Shiba Inu community and has created hope for many more first-time investors.

Many other exchanges are looking to list this meme coin as it gains more value by the minute. At the time of writing, Shiba Inu was priced at $0.0000338 and had taken a plunge by 0.42% in the last 24 hours.

Bitstamp Mandates KYC; Dutch Users Banned From Withdrawals Without KYC

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Cryptocurrencies were rolled out into the world in order to steer clear of the centralized institutions. Bitstamp seems to be complying with the laws imposed by these institutions as it recently mandated KYC for its users in the Netherlands.

Bitstamp Now Requires Users To Submit Photographic Proof

Bitcoin and other cryptocurrencies stood out as they were not affiliated with any centralized entity or financial institution. However, over the years, as popularity and the value of the crypto market surged, people started pouring their funds into it. This also lured in perpetrators who wanted to pocket quick money without working hard. To combat this, governments started scrutinizing the platforms that were part of the industry. Bitstamp was seen abiding by these laws put forth by the Dutch government.

In a recent tweet, a Twitter user, Bitcoin Marcus revealed that users of the prominent cryptocurrency exchange, Bitstamp were required to submit KYC related documents in order to carry out withdrawals. The tweet read,

The post stressed on the latest rules put forth by the financial regulators of the Netherlands. The exchange wrote,

“Due to new regulation regarding cryptocurrencies introduced by the Dutch government, we have made some changes to how cryptocurrency withdrawals work at Bitstamp. […] before you can withdraw crypto from Bitstamp to an outside address, you have to add that address to your whitelist and provide a photo that proves it really is your address.

Users can carry this out on the exchange’s web page. The exchange went on to enable the withdrawal whitelisting option starting from 15 January 2021.

These rules came about in November 2020 where the Dutch Central Bank mandated the verification process. The cryptocurrency exchange revealed that its Europe wing wanted to serve its users while upholding security.

Netherlands wasn’t the only country doing so as several others including the USA have started implying stricter laws against crypto.

XRP’s Tiff With The SEC Proves To Be Expensive As Bitstamp Puts A Hold On XRP Trading

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Bitcoin has been traversing into greater heights. The king coin has managed to take along several other coins with it. XRP seems to be rather confused. The asset has been juggling between the bears and the bulls. The altcoin’s highly volatile nature and a recent allegation from the Securities and Exchange Commission of the United States have put the altcoin in a bad light. While Ripple is trying to wiggle out of the lawsuit, several cryptocurrency exchanges have been expressing distress with regard to their association with the asset. More recently, Bitstamp revealed that it wanted to steer clear of trouble by putting a hold on the trading of the fourth-largest cryptocurrency.

XRP Loses A Spot In Bitstamp

While the crypto community was celebrating Bitcoin’s all-time high, XRP holders were given a big shock. The price of the asset depleted down by almost 50% after its parent company, Ripple was slapped with a lawsuit by the Securities and Exchange Commission [SEC] of the US. This lawsuit caused a huge uproar in the entire industry. Several platforms including MoneyGram revealed that it had never utilized the RippleNet or its ODL services. Apart from this, small cryptocurrency exchanges like Beaxy, CrossTower as well as OSL went on to put a hold on the trading of the asset.

While rumors that prominent cryptocurrency exchange, Coinbase was going to pull the plug on trading services of XRP surfaced, another popular exchange affirmed that it was going to halt trading for the crypto asset. In a brief blog post, Bitstamp revealed that it would eliminate services for XRP. However, this was limited to its US customers alone. The blog post read,

“In light of the recent SEC filing against Ripple Labs Inc., which alleges that XRP is a security, we are going to halt all trading and deposits of XRP for our US customers on 8 January 2021 at 9 PM UTC.”

The platform affirmed that it would observe the situation and assess its subsequent steps. Additionally, the customers of the US would be able to withdraw XRP.

XRP seems to be still reliving its downhill days as the asset was seen trading at $0.3099 with an 8.65% dip over the last 24-hours. This seems rather wary as all the other assets were seen lounging on the greener side.