Shiba Inu Goes Mainstream in Japan as SBI Group Enables SHIB Trading

• SBI Group enters crypto trading and adds Shiba Inu (SHIB) to offerings.
• SHIB market faces bearish sentiment, but trading volume shows promise.
• SBI Group’s move strengthens SHIB’s position as a recognized digital asset.

SBI Group, a prominent financial service giant in Japan, has taken a major step into cryptocurrency trading. Through its subsidiary, SBI VC Trade, the company has announced plans to offer trading services for Shiba Inu (SHIB), a digital currency inspired by Dogecoin.

／
今日から３銘柄の取扱い開始
シバイヌ(SHIB)、ダイ(DAI)、コスモス(ATOM)
＼
SBI VCトレードでの取扱い暗号資産は
全部で【２０種類】になりました
＜７月から提供開始予定＞
・DAIのレバレッジ取引
・ATOMのステーキングhttps://t.co/qfOmiKw716 pic.twitter.com/pnX7UOK9dB

— SBI VC Trade (SBI VCトレード） (@sbivc_official) June 28, 2023

Starting June 28, customers can buy, accumulate, and lend SHIB and other supported digital assets like Dai (DAI) and Cosmos (ATOM).

The decision to include SHIB on its trading platform indicates SBI Group’s recognition of digital assets’ growing prominence and potential. By expanding its offerings to cater to the changing demands of customers, SBI VC Trade aims to provide a seamless and efficient trading experience.

A month ago, XDC network also achieved this significant milestone by partnering with SBI in Japan, marking a major development for the financial group. This collaboration strengthened their position and showcased their commitment to progress in the Japanese market.

SBI Group Embraces Shiba Inu Trading

It’s worth noting that BitPoint, another leading exchange in Japan, became the first major platform to list SHIB back in November 2022. In a recent tweet, BitPoint reaffirmed its support for Shiba Inu and highlighted the 18 crypto assets it handles, including SHIB.

As for the current state of the SHIB market, the native token of Shiba Inu is experiencing a bearish sentiment. Over the past 24 hours, the SHIB price has decreased by 3.77%, reaching lows of $0.00000726 and highs of $0.00000762. However, there is a glimmer of hope as the trading volume of SHIB has seen a surge of 1.14%.

SBI Group’s move to embrace SHIB trading demonstrates its commitment to meeting the increasing demand for cryptocurrencies. And also, catering to the evolving needs of its customers. With the addition of Shiba Inu on its platform, alongside other digital assets. SBI VC Trade aims to provide a comprehensive range of services to enhance customer satisfaction.

SBI Group’s entry into SHIB trading marks a significant development in the cryptocurrency market. As the industry continues to evolve, financial institutions like SBI are taking notice and adapting their services accordingly. The inclusion of Shiba Inu on SBI VC Trade’s platform opens up new possibilities for investors. And further solidifies the position of SHIB as a globally recognized crypto asset.

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