Japan-based cryptocurrency exchange BitTrade will list Shiba Inu (SHIB) and Dogecoin (DOGE), two of the most popular representatives of the cryptocurrency world. by announcing It has become a huge focus in the crypto community. BitTrade platform plans to offer these two cryptocurrencies to its users as of October 18, which means new opportunities and activities for cryptocurrency investors.
After this listing, BitTrade will have a total of 34 different cryptocurrencies. This reflects the platform’s aim to offer cryptocurrency investors greater diversity and portfolio options. With the rapid growth of the cryptocurrency world, it has become important to gain access to various assets and create different investment strategies.
Although BitTrade has had a slight trading volume of $5 million in the last 24 hours, the company is one of Japan’s few exchanges that are licensed, that is, legally operating. Additionally, BitTrade is owned by Huobi, a more popular trading platform.
Moreover, such listings allow cryptocurrencies to have greater liquidity and reach. This may lead to cryptocurrencies attracting more attention and trade volumes to increase. Being listed on reputable crypto exchanges like BitTrade gives investors confidence and allows projects to be discovered by more users.
Demand for Meme Coin Did Not Decrease in the Bear Market
On the other hand, this move by BitTrade took place at a time when many investors were worried due to the recent bear trend in the cryptocurrency market. Popular meme coins such as Shiba Inu and Dogecoin have lost value under the influence of market conditions. These declines also increased the concerns of cryptocurrency investors about protecting their valuable assets.
However, BitTrade’s decision to list SHIB and DOGE in the crypto bear market reveals community demand for the assets.
BitTrade hopes that the addition of the SHIB and DOGE trading pairs will help bring more users to the platform and potentially increase usage and revenue for the platform.
You can follow the current price movement here.
Source : the crypto basic