HomeCrypto NewsMarketShiba Inu Reveals Three Cool Things SHIB Achieved This Month

Shiba Inu Reveals Three Cool Things SHIB Achieved This Month

Date:

Written By:

The Shiba Inu ecosystem has highlighted facts that have strengthened SHIB’s global presence and reinforced its legitimacy within the crypto market. 

While Shiba Inu has seen significant value erosion amid bearish sentiment, the token secured notable wins in areas such as regulatory approval, expanded market accessibility, and growing relevance in discussions around future exchange-traded products. 

3 ‘Cool Facts’ About Shiba Inu 

In a recent update, the Shiba Inu ecosystem team highlighted these accomplishments as “cool facts” from the previous month. Each underscores the project’s continued advancement despite unfavorable market conditions. 

SHIB Joins Japan’s Green List 

According to marketing lead Lucie, one of the most significant milestones was SHIB’s addition to Japan’s prestigious Green List. This designation, issued by the Japan Virtual Currency Exchange Association (JVCEA), is reserved for assets that satisfy strict regulatory, security, and liquidity requirements.

Shiba Inu’s placement on this list, alongside leading assets such as Bitcoin and Ethereum, further elevates its credibility in one of the world’s most heavily regulated crypto markets.

It also enables Japanese exchanges to list the token with far fewer regulatory obstacles, increasing its accessibility to local investors.

In addition, SHIB’s presence on the Green List is expected to offer holders a notable tax advantage once approved by Japan’s Financial Services Agency (FSA).

Under the anticipated framework, SHIB investors would face a 20% tax rate rather than the current 55%, making the asset more appealing within the region. 

Coinbase Launches 24/7 Futures Trading for Shiba Inu 

The second milestone highlighted by the team is Coinbase’s rollout of 24/7 trading support for SHIB futures. As previously reported, the major U.S. exchange introduced regulated Shiba Inu futures under the “1k SHIB index.”

This development integrates Shiba Inu more deeply into institutional trading environments, granting traders continuous access and boosting SHIB’s visibility within global futures markets. The move signals growing institutional interest and maturing markets for the asset.

Lucie emphasized that this milestone puts Shiba Inu on a regulatory trajectory similar to that of Bitcoin and Ethereum, both of which have secured spot ETFs. This fueled speculation that SHIB may eventually receive its own spot ETF.

Shiba Inu Appears in Early Discussions About Spot ETF 

Notably, Shiba Inu has secured an exchange-traded product (ETP) in Europe and is likely to be included in the T. Rowe Price basket ETF in the U.S. However, the asset has yet to get a standalone ETF in the United States. 

Meanwhile, speculation about the imminent launch of an exclusive Shiba Inu ETF began circulating after Grayscale highlighted SHIB among the crypto assets eligible for approval under the U.S. SEC’s Generic Listing Standard. Lucie attributes this feat to the cryptocurrency’s massive community and ecosystem growth. 

DisClamier: 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 opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

More from Author

XRP Price Target After Cup-and-Handle Retest

XRP has entered another important phase after its August rally, with the weekly chart now indicating a possible cup-and-handle breakout.  The structure suggests that the...

XRP Must Defend This Price Level to Keep the Bullish Vision Alive

Amid the ongoing pullback following the August rally, XRP must defend its current price level to maintain its bullish trend. XRP has reached an important...

Chainlink Nears 100% Rally as LINK Gains Renew XRP Overtake Speculation

Chainlink nears a 100% rally as LINK gains 80% since June amid renewed speculation that it could eventually flip XRP.  Chainlink has posted two consecutive...