Shiba Inu (SHIB), the canine-themed cryptocurrency, has achieved another milestone by securing a listing on the prominent Japanese cryptocurrency exchange, BitTrade.
BitTrade’s Announcement and Shiba Inu Integration
BitTrade recently took to Twitter to announce its plans to integrate Shiba Inu into its platform, signaling the resumption of deposits, withdrawals, and comprehensive handling of Shiba Inu (SHIB) starting Wednesday, October 18.
This addition to BitTrade’s portfolio is particularly significant as Shiba Inu joins the ranks of Dogecoin (DOGE), bringing the exchange’s total number of supported crypto assets to an impressive 34. The official blog post details that the handling of Shiba Inu is set to commence on October 18, 2023, at 3:00 p.m. Users can expect a seamless experience, including deposits and withdrawals facilitated through both the website and app, along with the option for purchases and sales at the physical sales offices.
Established in 2016 and operating within the regulatory framework of Japan, BitTrade is a centralized cryptocurrency exchange, offering users a secure and regulated environment for trading.
Shiba Inu’s Noteworthy Journey in the Japanese Market
Shiba Inu’s expansion into the Japanese market has been notable. The journey began with Bitpoint, a Japanese cryptocurrency exchange, announcing the initial listing of SHIB in November 2022. Subsequently, OkCoin Japan and Bitflyer, both leading Japanese crypto exchanges, followed suit by incorporating SHIB into their platforms.
SBI Group’s Endorsement: Shiba Inu on SBI VC Trade
The major financial services conglomerate in Japan, SBI Group, joined the Shiba Inu bandwagon in June, revealing plans to introduce Shiba Inu (SHIB) for trading on its crypto asset platform, SBI VC Trade. This strategic move further emphasized the growing recognition and acceptance of Shiba Inu within the Japanese financial landscape.
Binance, a global cryptocurrency exchange giant, made its mark in the Japanese market by launching Binance Japan in August. This exclusive platform, tailored specifically for Japanese users, provides regulated support for Shiba Inu, solidifying its position as a key player in the market.
OKCoin Japan’s Commitment to Shiba Inu
In September, OKCoin Japan, a prominent cryptocurrency exchange, announced its commitment to expanding support for the Polygon chain, specifically for Shiba Inu (SHIB). This move reflects the ongoing efforts within the cryptocurrency ecosystem to enhance scalability and interoperability.
As of the latest update, Shiba Inu has demonstrated resilience in the market, recording a 1.18% increase in the last 24 hours, with its value reaching $0.00000709. This positive trajectory aligns with the cryptocurrency’s growing popularity and acceptance in the Japanese market and on a global scale.
In Conclusion: Shiba Inu’s Strategic Growth in the Japanese Market
In conclusion, Shiba Inu’s recent listing on BitTrade marks another significant step in its journey toward broader adoption and recognition. The cryptocurrency continues strategically positioning itself in the Japanese market, forging partnerships with reputable exchanges and financial institutions, ultimately contributing to its sustained growth and market presence.
