Shiba Inu is gaining deeper traction in Japan after the country’s fintech giant Rakuten Wallet integrated SHIB into its regulated crypto trading platform.
The move will allow Japanese users to purchase, sell, and trade Shiba Inu directly through the platform using local currency later this month. As a result, the listing marks another step toward mainstream adoption for SHIB in one of the world’s most tightly regulated cryptocurrency markets.
Key Points
- Shiba Inu has expanded its presence in Japan after securing a listing on Rakuten Wallet.
- The platform will enable spot trading for SHIB starting April 15.
- SHIB will be listed alongside XRP, Toncoin, Dogecoin, and Stellar later this month.
- SHIB previously achieved regulatory recognition when the Japan Virtual and Crypto Assets Exchange Association added the token to Japan’s Green List.
Shiba Inu Going Live on Rakuten Wallet
Shiba Inu is expanding its presence in Japan after Rakuten Wallet confirmed it will introduce spot trading support for the token on April 15. Once the listing goes live, users will be able to buy and sell SHIB using Japanese yen and swap it with other supported cryptocurrencies on the platform.
In addition to SHIB, Rakuten will list four other digital assets, including Dogecoin, XRP, Stellar, and Toncoin. Although SHIB has already secured listings on several Japanese exchanges, such as Coincheck, SBI VC Trade, OKCoin, and Binance Japan, its integration into Rakuten Wallet represents a major milestone.
Rakuten Wallet operates under Rakuten Group, one of Japan’s largest technology and e-commerce companies. The broader Rakuten ecosystem connects millions of users through online shopping, digital payments, banking, and financial services.
Growing Regulatory Recognition
The development also signals increasing regulatory acceptance and institutional exposure for Shiba Inu. Japan’s crypto market functions under strict regulatory oversight, meaning digital assets typically undergo extensive vetting before exchanges can list them.
Notably, SHIB previously reached an important regulatory milestone when the Japan Virtual and Crypto Assets Exchange Association added the token to Japan’s “Green List”. This classification confirmed SHIB as a vetted asset and placed it alongside established cryptocurrencies such as Bitcoin and Ethereum.
Meanwhile, SHIB’s listing on Rakuten comes as Japan’s Financial Services Agency reviews the country’s crypto-related reforms, particularly the potential reduction of the tax rate for Green List assets from 55% to 20%.
According to Shibizens, the listing coincides with Japan’s institutional access opening and broader initiatives tied to Japan’s ongoing “digital era” strategy.
Notably, the Rakuten Wallet listing strengthens Shiba Inu’s position in one of the most tightly regulated crypto markets, while also expanding its reach to millions of users within the Rakuten digital ecosystem.
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.
