SHIB surged more than 16% on Monday after the Kraken crypto exchange announced that it would list the token, and trading would begin on November 30.
The exchange has set the minimum deposit required at 373,000 SHIB. SHIB tokens can be traded against the USD and the Euro, with a minimum trading balance of 50,000 SHIB.
Kraken maintains that Kraken futures and margin trading would not be available to the investors.
The meme token rally comes when the market is recovering after a plunge attributed to the news of a new Covid-19 variant.
The San-Francisco-based crypto exchange was expected to list the meme token at the beginning of the month when it announced that it would list it if one of its tweets got 2,000 likes. The tweet surpassed the likes, but the exchange cited more work in the listing review process.