SBI Group, Japan’s major financial services conglomerate, has announced plans to promote trading of Shiba Inu (SHIB) on its crypto asset platform, SBI VC Trade, in a significant move marking its entry into the realm of crypto trading. SHIB trading will be available through this SBI Group subsidiary starting from June 28.
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今日から３銘柄の取扱い開始📣
シバイヌ(SHIB)、ダイ(DAI)、コスモス(ATOM)
＼SBI VCトレードでの取扱い暗号資産は
全部で【２０種類】になりました✨＜７月から提供開始予定＞
・DAIのレバレッジ取引
・ATOMのステーキングhttps://t.co/qfOmiKw716 pic.twitter.com/pnX7UOK9dB— SBI VC Trade (SBI VCトレード） (@sbivc_official) June 28, 2023
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SBI VC Trade, a subsidiary of SBI Group, specializes in the exchange of crypto assets and is devoted to addressing the growing demand for cryptocurrencies while providing excellent customer service. In addition to Shiba Inu, the company is adding support for Dai (DAI) and Cosmos (ATOM) to its trading platform, bringing its total offering to 20 digital assets.
SBI VC Trade will provide a variety of services, including sales, accumulation products, and financing services, to meet the diversified demands of traders. Furthermore, the site will offer specific trading alternatives for securely holding digital assets that surpass a certain threshold.
Shiba Inu (SHIB) is an Ethereum-based digital currency inspired by Dogecoin, and SBI VC Trade recognizes SHIB’s global importance and large support. This acknowledgment strengthens Shiba Inu’s standing as a prominent crypto asset.
SBI VC Trade has prepared unique trade information for Shiba Inu to offer a smooth trading experience. The trade unit for SHIB is 1,000 tokens, with a minimum order quantity of the same value. Traders can make orders for SHIB tokens with a tick size of 0.000001 up to a maximum quantity of 5,000,000,000.
The introduction of Shiba Inu (SHIB) on SBI Group’s trading platform reflects their recognition of the breed’s growing market significance and potential. SBI VC Trade seeks to meet its clients’ evolving needs by fulfilling their wishes to buy, accumulate, or lend SHIB while also providing an effective and seamless trading experience.
Shytoshi Kusama, the community-appointed Shiba Inu leader, was recently believed to have gone to Niseko, Japan, sparking uncertainty among followers. This move emphasizes Shiba Inu’s expanding importance and adds to its growing prominence in Japan.
The backing of SBI VC Trade cements Shiba Inu as a valuable asset in Japan. SHIB has been listed on several other Japanese-based exchanges, including OKCoin Japan and BitFlyer, with BitPoint being the first major Japanese exchange to do so.
Strengthening the Crypto Landscape in Japan
The decision by SBI Group to include Shiba Inu (SHIB) on its trading platform is expected to have far-reaching consequences for the Japanese crypto scene. As a major financial institution in the country, SBI Group’s entry into cryptocurrency trading not only strengthens its products but also adds credibility and exposure to Shiba Inu and the broader crypto market.
The addition of Shiba Inu is likely to draw a broader pool of investors and traders, given SBI VC Trade’s excellent infrastructure and reputation for offering dependable financial services. This greater participation may result in enhanced liquidity, price stability, and, eventually, a more active market for Shiba Inu and other crypto assets.
Read Also: Here’s How Much Shiba Inu (SHIB) Investors Need to Hold to Become Millionaires at All-Time High
Furthermore, SBI Group’s participation in Shiba Inu trading adds to the expanding list of Japanese-based exchanges recognizing SHIB’s potential. As more exchanges in Japan embrace Shiba Inu, the ecosystem’s base is strengthened, paving the door for further adoption and utility of the token in the country.
Overall, SBI Group’s foray into Shiba Inu trading benefits not only traders looking for exposure to the famous meme-inspired cryptocurrency but also the growth and maturing of the Japanese crypto industry. Shiba Inu can continue to cement its position and expand its reach with the help of SBI VC Trade, eventually playing a vital role in determining the future of cryptocurrencies in the country.
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