Top Japanese Exchange Expands Support for Shiba Inu in Recent Listing

Coincheck now supports Shiba Inu, enabling trading and plans for its use on their NFT marketplace.
Users are urged to update the Coincheck app for accurate SHIB pricing before transactions.
Japanese exchanges like SBI VC Trade, OKCoin Japan, BitTrade, BitPoint, and Binance Japan back SHIB, meeting rising demand.

Coincheck, a prominent Japanese crypto exchange, has unveiled its comprehensive backing for Shiba Inu (SHIB). This recent integration marks a significant step forward in the exchange’s endeavor to accommodate the fervent demand for SHIB among Japanese traders.

Coincheck’s announcement highlights the incorporation of Shiba Inu into its array of supported crypto assets. This pivotal inclusion empowers users on the platform to engage in seamless trading activities, allowing them to buy, sell, and conduct transactions involving SHIB.

Moreover, the exchange has revealed plans to extend the utility of SHIB within its ecosystem, envisioning its integration as a payment currency on Coincheck’s NFT marketplace. This move promises a wider avenue for users to explore and invest in digital collectibles using SHIB. To ensure precise and up-to-date SHIB pricing for users navigating the platform, Coincheck emphasized the necessity of updating its trading app.

Coincheck’s proactive stance in embracing Shiba Inu mirrors a broader trend among Japanese crypto exchanges. Notably, exchanges like SBI VC Trade, OKCoin Japan, BitTrade, BitPoint, and Binance Japan have joined the wave of supporting SHIB, aligning their strategies with the escalating demand witnessed within the Japanese market.

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The Japanese exchange’s adoption of Shiba Inu may elevate its price by broadening accessibility and trading activity. In addition, the token’s integration as a payment method on Coincheck’s NFT marketplace enhances its real-world utility.

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Bhea Lacsamana

Bhea is a fintech journalist specializing in crypto, with a unique blend of roles as a content creator, anthropologist, and qualitative researcher. Her articles dive into both financial technology and cultural traditions, reflecting her diverse interests. Catch her immersed in a book where her love for learning thrives.