Fully Licensed Japanese Exchange To List Shiba Inu and Dogecoin

Fully Licensed Japanese Exchange To List Shiba Inu and Dogecoin

BitTrade, a renowned Japanese cryptocurrency exchange, is set to broaden its trading portfolio by listing two of the internet’s favorite memecoins, Dogecoin (DOGE) and Shiba Inu (SHIB), enhancing the platform’s appeal among meme cryptocurrency enthusiasts.

A Pioneer in the Japanese Market BitTrade, a centralized cryptocurrency exchange known for its comprehensive offerings in digital assets, holds the distinction of being fully licensed in Japan. Established users of the platform enjoy access to a variety of cryptocurrencies, including major players like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). The platform gained further traction in September 2018 when it caught the strategic interest of Huobi, a global blockchain company, leading to a significant stake acquisition.

DOGE and SHIB Make Their Debut With the official announcement in place, BitTrade has confirmed that both DOGE and SHIB will be integrated into its trading platform starting October 18th. This move will enable users to execute deposits and withdrawals of these memecoins within BitTrade’s secure ecosystem, elevating the total number of digital assets offered to 34.

The Meme Frenzy in Crypto Markets Memecoins like DOGE and SHIB, though initiated often as humorous takes or internet memes, have witnessed unexpected surges in popularity and market value. These tokens, typically devoid of a clear utility case, ride on waves of internet trends and social media influence.

Dogecoin, birthed in 2013 from the whimsy of software engineers Billy Markus and Jackson Palmer, transcended its joke status to become a darling among crypto investors, not least because of vocal support from high-profile personalities such as Elon Musk. Musk’s fervent endorsements, alongside his playful adoption of the Dogecoin emblem following his monumental acquisition of Twitter, catalyzed a 30% price surge for the meme cryptocurrency.

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DOGE currently hovers around a trading price of $0.06, securing its position as the top memecoin in terms of market capitalization.

Shiba Inu, a more recent entrant debuting in 2020 from the anonymous individual or entity known as “Ryoshi,” draws its branding from the iconic Japanese dog breed. It has quickly climbed the ranks to become the second most prominent memecoin, with a current trading price of $0.000007.

The introduction of these memecoins on BitTrade comes at an opportune moment, as the meme cryptocurrency market shows signs of resurgence after a period of decline that saw a $500 million dip in trading volume. This strategic listing move might signal a potential revival and renewed investor interest in the meme-themed sector of the digital assets market.

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BitTrade, a renowned Japanese cryptocurrency exchange, is set to broaden its trading portfolio by listing two of the internet’s favorite memecoins, Dogecoin (DOGE) and Shiba Inu (SHIB), enhancing the platform’s appeal among meme cryptocurrency enthusiasts. A Pioneer in the Japanese Market BitTrade, a centralized cryptocurrency exchange known for its comprehensive…

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