The price of the tokens behind dogecoin rival Shiba Inu, fan token platform Chiliz and Keep Network, a platform that aims to bridge public blockchains and private data, are soaring after leading crypto exchange Coinbase announced it is adding them to its professional platform.
Effective today, Coinbase Pro users can transfer their CHZ, KEEP and SHIB into their accounts. Trading will begin on or after 9 a.m. Pacific time. CHZ and SHIB won’t be available to New York residents.
In response to the additions, which mean millions more people can trade the tokens, the price of SHIB, Shiba Inu’s token, is up more than 31% over the last 24 hours, while the price of CHZ, the token of Chiliz, is up 18.3% over the last 24 hours. Keep Network’s token, KEEP, is up 14%.
Coinbase added SHIB little more than a month after that coin’s creation, in marked contrast to its addition of dogecoin, which seemed to take doge years. This reflects a sea change in the approach of the exchange, a change announced at the time of its addition of dogecoin on June 1.
The revised policy came a month and a half after the crypto exchange went public on Nasdaq under the ticker COIN. Coinbase’s stock is now significantly below its initial trading price.