Coinbase makes SHIB Cryptocurrency available to New Yorkers: Crypto wrap

Coinbase makes SHIB Cryptocurrency available to New Yorkers: Crypto wrap

RIYADH: The Nasdaq-listed cryptocurrency exchange has announced that it has made the shiba inu (SHIB) cryptocurrency available to New York residents, who can now trade, buy, sell and store it on Coinbase. "It’s official, SHIB is now available to trade, buy, sell and store on Coinbase for NY residents," Coinbase stated on its official Twitter account. This announcement follows Coinbase adding some SHIB trading pairs. "SHIB-EUR & SHIB-GBP order books are now in full trading mode. Limit, market and stop orders are all now available." Coinbase tweeted. Square's Cash app announced that it generated $1.82 billion in bitcoin revenue in the third quarter, an 11% increase over the same period last year. Its bitcoin gross profit was $42 million during the time period, a 29% increase year-over-year. "Cash App generated $1.82 billion of bitcoin revenue and $42 million of bitcoin gross profit during the third quarter of 2021, up 11% and 29% year over year, respectively," Square stated. However, the company warned that in future quarters, bitcoin revenue and gross profit may fluctuate as a result of changes in customer demand or the market price of bitcoin. "As of September 30, 2021, the fair value of our investment in bitcoin