BitTrade, a Japan-based crypto trading platform, has added support for Shiba Inu and DOGEcoin, introducing the coins to a new audience.
【新規取扱いのお知らせ】
暗号資産 $DOGE （ #ドージコイン ）$SHIB（ #シバイヌ ）の入出金、販売所での取扱いを10月18日（水）より開始する予定です。
上場後、取扱い銘柄数は【34銘柄】になります。取扱い開始日: 2023年10月18日 15時（予定）
詳細：https://t.co/Q7vKYg2eWd#ビットトレード pic.twitter.com/UXggrhkLoZ
— BitTrade（ビットトレード）公式 (@BitTrade_jp) October 16, 2023
The lingering cryptocurrency bear market may have suppressed the prices of popular altcoins such as Shiba Inu (SHIB) and Dogecoin (DOGE). However, the market conditions have not stopped the coins from landing listing on top crypto exchanges.
On Monday, Japan-based crypto exchange BitTrade revealed plans to list SHIB and DOGE on its platform. The platform will enable deposits and withdrawals for the assets on October 18th, with trading expected to begin shortly afterward. The listing brings the number of coins on BitTrade up to 34, according to today’s announcement.
Users will have the option to trade SHIB and DOGE using the BitTrade homepage application. They will also have the chance to convert assets on the platform’s exchange, enabling a seamless trading experience.
While BitTrade boasts a mild trading volume of $5 million in the past 24 hours, the company is one of Japan’s few exchanges with a regulatory license. In addition, BitTrade is owned by a more popular trading platform, Huobi.
SHIB and DOGE Remain in Demand Amid Bear Market
BitTrade’s decision to list SHIB and DOGE amid the crypto bear market underlines public demand for the assets. Ideally, while upcoming crypto projects pay for a listing on exchanges, established coins such as SHIB and DOGE can easily secure exchange listings based on their wider investor community.
BitTrade hopes that adding SHIB and DOGE trading pairs will help bring more users to and potentially drive usage and revenue for the platform. Meanwhile, the exchange is only following in the footsteps of competitors.
In August, leading crypto exchanges Binance, Okcoin, and Bitpoint also launched a Japanese division, enabling trading for SHIB from the get-go.
Similarly, SBI-backed crypto exchange SBI VC Trade listed SHIB in June, adding to the list of Japanese trading venues where investors can gain exposure to the asset.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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