DLC Major Japanese exchange now supports Polygon for Shiba Inu -

Major Japanese exchange now supports Polygon for Shiba Inu

OKCoinJapan, a Tokyo-based cryptocurrency exchange, is set to expand its offerings by introducing support for Shiba Inu (SHIB) and DAI on the Polygon network. This significant development aims to provide users with increased versatility when it comes to transactions involving SHIB, both for entering and exiting the Polygon network. The new feature is scheduled to go live on September 7 at 5:00 p.m. JST.

This move comes as a part of OKCoinJapan’s ongoing commitment to enhance the user experience and broaden its cryptocurrency offerings. Notably, OKCoinJapan had previously listed SHIB on its platform starting from February 28, 2023.

The announcement follows closely on the heels of a collaboration between Arculus, a Web3-enabled cold storage wallet, and BitPay, which enables users to purchase Arculus cards using Shiba Inu and other leading cryptocurrencies. This partnership highlights the growing utility and acceptance of SHIB in various cryptocurrency-related services.

The Shiba Inu ecosystem continues to demonstrate robust growth, particularly following the launch of Shibarium. The number of unique wallet addresses holding SHIB has now surpassed the impressive threshold of 1.33 million. According to data from Etherscan.io, the current holder count for Shiba Inu stands at 1,334,574.

Earlier, The Crypto Basic reported a noteworthy milestone within the Shiba Inu community. In July, the community burned a staggering 5,715,986,938 (5.71 billion) SHIB tokens through 763 transactions, underlining the community’s active involvement and commitment to the project.

Additionally, BitMEX, a Seychelles-based cryptocurrency exchange, introduced two new perpetual contracts for Shiba Inu, namely SHIBUSDT and SHIBUSD, offering leverage of up to 33x. This move provides traders with more options for SHIB trading and highlights the cryptocurrency’s increasing popularity in the derivatives market.

It’s worth noting that the Shiba Inu development team recently expressed their heartfelt gratitude to Polygon Labs, particularly Sandeep Nailwal, the founder of Polygon, for their support in the relaunch of Shibarium. This collaboration underlines the interconnected nature of the cryptocurrency ecosystem, with different projects and teams often working together to drive innovation and success.

Leave a Reply

Your email address will not be published. Required fields are marked *