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HomeCrypto NewsMarketAfter Singapore, Shiba Inu is Now Available For Trading In South Korea

After Singapore, Shiba Inu is Now Available For Trading In South Korea

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Shiba Inu is now available for trading in South Korea, which is known for its strict rules.

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Korbit has announced that it will list Shiba Inu, becoming the first cryptocurrency exchange to add support for SHIBA in South Korea, a country known for tough crypto regulations.

Yesterday Shiba Inu was listed by Coinhako, a Singapore-based exchange, making it possible for Singapore citizens to buy and hold shib.

Korbit exchange writes:

“Shiba Inu (SHIB) & Injective Protocol (INJ)¬†trading service is to be launched in Korbit as scheduled below.

  • Wallet Creation and Deposit Available Date
    – From 2021.November.24 (Wed) 12:00 PM (KST)
  • Trading and Withdrawal Available Date
    – From 2021.November.25 (Thu) 12:00 PM (KST)”

 

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The Seoul cryptocurrency trading platform will allow its client to trade SHIB against the Korean Won starting Thursday. In addition to SHIB, the exchange will also add Injective Protocol (INJ)

Korbit is one of the few cryptocurrency exchanges that has managed to withstand tough regulatory requirements that forced smaller players to close their crypto trading platforms earlier this year.

Forty exchanges that were not registered with the Financial Agency of Soth Korea were forced to close in September.

Bithumb, Coinone, Upbit, and Korbit are the only exchanges allowed to offer crypto trading services after meeting the required regulatory requirements.

In June, several South Korean exchanges deleted high-risk altcoins.

In addition to being the first exchange to bring Shiba Inu to the South Korean crypto market, Korbit also launched the country’s first non-fungible token marketplace in June.

SHIB also became available at New York-based Gemini in mid-November.

Read the latest SHIB updates.

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Author

Ammara
Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

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