In a remarkable turn of events amidst the ongoing cryptocurrency bear market, Shiba Inu (SHIB) and Dogecoin (DOGE) are defying the odds and continuing to garner widespread attention in Japan.
The latest development comes in the form of BitTrade, a fully licensed Japanese crypto trading platform, adding both SHIB and DOGE to its list of supported cryptocurrencies. This move by BitTrade highlights the public’s insatiable demand for these coins even amidst a market downturn.
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Public Demand Leads to BitTrade Listing
BitTrade’s decision to list Shiba Inu (SHIB) and Dogecoin (DOGE) demonstrates the immense interest and demand from the public for these assets.
While it is usual for upcoming crypto projects to pay considerable amounts to secure exchange listings, well-established coins like SHIB and DOGE can effortlessly attract exchange listings due to their large and active investor communities.
Expansion of SHIB and DOGE Support in Japanese Exchanges
BitTrade is not the first exchange in Japan to offer trading support for SHIB and DOGE. Earlier this year, prominent crypto exchanges such as Binance, Okcoin, and Bitpoint ventured into the Japanese market and provided immediate trading access to SHIB.
Additionally, SBI VC Trade, the crypto exchange backed by SBI Holdings, added SHIB to its platform in June. With multiple exchanges now supporting SHIB and DOGE trading, these cryptocurrencies are poised to experience increased liquidity and benefit Japanese investors with reduced transaction costs.
Regulatory Compliance Ensures Safety for Investors
BitTrade being a fully licensed Japanese crypto exchange brings a sense of security to its users. This aspect is particularly crucial in Japan, where cryptocurrency regulations are notably stringent.
By trading on a licensed exchange like BitTrade, investors can be confident that their assets are safeguarded and compliant with regulatory standards.
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Positive Impact on the Japanese Crypto Market
The inclusion of SHIB and DOGE in Japanese exchanges will likely have a positive influence on the country’s cryptocurrency market. The enhanced accessibility of these assets will streamline the process for Japanese investors to engage in SHIB and DOGE trading, potentially establishing higher trading volumes.
Furthermore, the move could entice new investors to explore the cryptocurrency market, broadening its scope and impact.
The growing popularity of Shiba Inu (SHIB) and Dogecoin (DOGE) among Japanese investors could have far-reaching implications on a global scale.
This trend may serve as a signal to exchanges worldwide that there exists a substantial demand for these assets, encouraging them to list SHIB and DOGE as well.
Consequently, this could potentially drive increased uptake and adoption of SHIB and DOGE in markets beyond Japan.
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