Amidst a cryptocurrency market downturn, Shiba Inu (SHIB) and Dogecoin (DOGE) are making waves in Japan.
A licensed Japanese crypto trading platform, BitTrade, has included SHIB and DOGE on its list of supported cryptocurrencies. This shows the continued strong demand for these coins among the Japanese public despite the market’s overall decline.
BitTrade Adds SHIB and DOGE Due to High Demand
The fact that BitTrade has added Shiba Inu (SHIB) and Dogecoin (DOGE) to its platform highlights the incredible interest and demand for these cryptocurrencies among the public.
While many new crypto projects often have to pay substantial fees to get listed on exchanges, well-established coins like SHIB and DOGE can easily secure exchange listings because of their large and active communities of investors.
Japanese Exchanges Expanding Support for SHIB and DOGE
BitTrade isn’t the first Japanese exchange to offer SHIB and DOGE trading. This year, established crypto exchanges like Binance, Okcoin, and Bitpoint entered the Japanese market, making SHIB trading available right away.
Moreover, SBI VC Trade, a crypto exchange with SBI Holdings‘ backing, included SHIB on its platform in June. With multiple exchanges now backing SHIB and DOGE trading, these cryptocurrencies will likely see increased liquidity and provide Japanese investors with lower transaction costs.
Ensuring Investor Safety through Regulatory Compliance
BitTrade, as a fully licensed Japanese cryptocurrency exchange, offers a heightened sense of security for its users. This is especially significant in Japan, where cryptocurrency regulations are known for their strictness.
When investors use a licensed exchange like BitTrade, they can trust that their assets are well protected and meet all the necessary regulatory requirements.
Positive Influence on the Japanese Crypto Market
Adding SHIB and DOGE to Japanese exchanges could significantly benefit the country’s cryptocurrency market. This inclusion makes it easier for Japanese investors to trade these assets, potentially increasing trading volumes and attracting new investors.
The rising popularity of SHIB and DOGE among Japanese investors may also have broader implications globally. It signals to exchanges worldwide that there is substantial demand for these assets, encouraging them to list SHIB and DOGE as well. This could lead to greater adoption of SHIB and DOGE in markets outside Japan.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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