Coinbase Is Now Supporting Trading with Horizen (ZEN), Shiba Inu (SHIB) Tokens

Digital assets firm Coinbase (COIN: Nasdaq) reveals that Horizen (ZEN) is now available on Coinbase.com and in the Coinbase Android and iOS apps.

Coinbase clients are now able to trade, send, receive, or store ZEN crypto tokens in “most Coinbase-supported regions,” with certain exceptions due to regulatory or other types of restrictions. Trading for these assets is also supported via Coinbase Pro, the platform for professional or sophisticated traders.

Horizen (ZEN) is a blockchain or distributed ledger tech (DLT) ecosystem that supports “privacy-preserving” decentralized applications (dApps). Using ZEN as its native crypto-asset, Horizen has “both a main blockchain and a sidechain platform that enables developers to build custom private or public blockchains and decentralized applications.”

The announcement from Coinbase also mentioned that one of the most common requests they get from clients is to be able to purchase and sell more digital currencies via Coinbase. The company had shared a process for listing new digital assets, “designed in part to accelerate the addition of more cryptocurrencies.”

Coinbase further noted that they are investing in appropriate tools to assist consumers with better understanding and exploring virtual currencies. As previously reported, the exchange has introduced informational asset pages and a new section of the Coinbase website to answer common queries regarding cryptocurrencies.

You may sign up here for a Coinbase account.

In a separate announcement, Coinbase revealed that the Shiba Inu (SHIB) is available via Coinbase.com and in the Coinbase Android and iOS apps.

Coinbase clients may start trading, sending, receiving, or storing SHIB in most Coinbase-supported regions, with certain exceptions. Trading for these crypto-assets is also being supported via Coinbase Pro.

As noted in the update, Shiba Inu (SHIB) is a token that “aspires to be an Ethereum-based alternative to Dogecoin (DOGE), the popular memecoin.”

Unlike Bitcoin (BTC), which is intentionally designed to be scarce, SHIB is “intentionally abundant — with a circulating supply of one quadrillion.” The Shiba Inu Token ecosystem “supports projects such as an NFT art incubator and the development of a decentralized exchange called Shibaswap.”


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