Coincheck, one of Japan’s leading cryptocurrency exchanges, announced that it has added the Shiba Inu (SHIB) token to its list of supported crypto assets. This important step comes as part of the platform’s strategy to expand its range of crypto assets, in addition to offering users the opportunity to carry out various SHIB-related transactions.
By listing SHIB, Coincheck announces not only basic trading operations but also plans to further integrate this popular meme coin within its own platform. to announce, a reflection of an effort to diversify the user experience. SHIB will also be used as a means of payment on Coincheck’s NFT marketplace. Using SHIB, users will be able to pay for a variety of digital collectibles on the Coincheck NFT marketplace.
The Japanese exchange’s decision to extend its support for SHIB highlights the dynamism and growth in the cryptocurrency world. SHIB, which has attracted attention especially with its increasing popularity recently, will offer its users more trading options and strengthen its role in the digital asset world with this integration.
Coincheck also made a recommendation for users who want to trade SHIB to update their trading applications to receive accurate price information:
“If the Coincheck app is not the latest version, the Shiba Inu price may not be displayed correctly. “Customers using the Coincheck app must update to the latest version before making transactions.”
With the addition of Shiba Inu, Coincheck now supports 30 crypto assets, including BTC, ETH, XRP, MATIC, SAND, and LINK.
Shiba Inu Founder’s Reaction
In addition, the reaction of Shytoshi Kusama, the lead developer of Shiba Inu, to the development in question attracted attention in the crypto community.
Kusama, in her unique style, expressed her approach to this development by sending a “hello” in Japanese to Coincheck on Twitter, formerly known as X. This gesture received a positive response among the Shiba Inu community, once again highlighting the developer’s commitment to the project.
/／ $SHIB 取扱い開始
＼本日より #coincheck Shiba Inu @Shibtoken（ $SHIB ）の取扱いスタート！https://t.co/5P0kRquYnk
— Coincheck(コインチェック) (@coincheckjp) December 14, 2023
Coincheck started operating in 2012 and stands out as one of the leading cryptocurrency exchanges in Japan and Asia. This exchange is known not only for its liquidity and trading volume, but also for being one of the rare crypto exchanges regulated by the Japan Financial Service Agency (FSA). This audit aims to provide users with a safe trading environment by increasing the reliability of the platform.
Finally, it can be said that SHIB has attracted significant interest from Japanese-based exchanges. Exchanges with Shiba Inu support can be listed as follows: SBI VC Trade, OKCoin Japan, BitTrade, BitPoint and Binance Japan.
Coincheck’s announcement of support for SHIB comes at a time when cryptocurrencies and tokens are increasingly accepted. This step by Coincheck points to a future in which cryptocurrencies have a significant role in the financial ecosystem, in line with the general trend in the adoption and availability of crypto assets. These developments show that the sector is rapidly evolving in an era where crypto assets are finding more space in financial markets.
You can follow the current price movement here.