Shiba

Shiba Inu

<p>The <a href="https://bitcoinist.com/shiba-inu-shib-price-up-7-today/">Shiba Inu (SHIB)</a> ecosystem is <a href="https://bitcoinist.com/shiba-inu-lead-game-changing/">riding high at the moment</a> as it continues to celebrate several significant milestones. The latest of them happens to be the meme coin being listed by a prominent and leading crypto exchange <a href="https://www.newsbtc.com/analysis/xrp/xrp-over-bitcoin/#:~:text=The%20report%20attributed%20Japan's%20fondness,one%20of%20Ripple's%20early%20partners." rel="nofollow noopener" target="_blank">in Japan</a>.&nbsp;</p> 
<h2 id="coincheck-lists-shiba-inu">Coincheck Lists Shiba Inu</h2> 
<p>In a <a href="https://corporate.coincheck.com/press/gDMWFg9B" rel="nofollow noopener" target="_blank">press release</a>, Japanese crypto exchange Coincheck announced that it will begin handling the meme coin on its crypto asset trading service. The crypto exchange also mentioned that it will integrate SHIB as a payment currency on its NFT marketplace. Following this listing, SHIB joins a relatively narrow list of cryptocurrencies traded on the platform.&nbsp;</p> 
<p>Coincheck also went as far as to highlight SHIB’s growth in its announcement, something which could have spurred the exchange to list the crypto token. It stated that Shiba inu, which was created as a meme coin, is “progressing,” and “the use cases for its as a currency are expanding.” The crypto exchange specifically alluded to SHIB’s utility in the <a href="https://bitcoinist.com/shiba-inu-nft-marketplace-massive-traffic-surge/">NFT</a> and <a href="https://bitcoinist.com/shiba-inu-shibarium-public/">DeFi space</a>.</p> 
<p>Shiba Inu’s lead developer, <a href="https://bitcoinist.com/shiba-inu-lead-dev-confirms-over-1-2-million-worth-of-shib-to-be-burned-details/">Shytoshi Kusama</a>, seemed delighted with this development as he warmly <a href="https://x.com/ShytoshiKusama/status/1735177502107042033?s=20" rel="nofollow" target="_blank">reacted</a> to the crypto exchange’s <a href="https://x.com/coincheckjp/status/1735141285709959265?s=20" rel="nofollow" target="_blank">announcement</a> of the listing on its X (formerly Twitter) platform. SHIB can be said to be a fan favorite among Japanese investors as the crypto token has before now, been already listed on some other Japanese-based crypto exchanges.&nbsp;</p> 
<p><img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/npIorsYK/" alt="Shiba Inu price chart from Tradingview.com" width="3266" height="1530"></p> 
<h2 id="the-milestones-keep-racking-up">The Milestones Keep Racking Up</h2> 
<p>Another significant milestone that Shiba Inu <a href="https://bitcoinist.com/shibarium-transactions-reach-new-network-milestone/">recently celebrated</a> is its layer-2 network Shibarium crossing the 100 million transaction threshold. Network activity on Shibarium <a href="https://bitcoinist.com/shibarium-44700-shiba-inu-price/">has picked up</a> as of late, and it doesn’t seem to be slowing down one bit. At the time of writing, the total transaction count stands at over 1,112,000, according to <a href="https://www.shibariumscan.io/" rel="nofollow noopener" target="_blank">data</a> from the Shibarium Explorer.&nbsp;</p> 
<p>The development is positive as a surge in the trading activity on Shibarium is <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-8-billion-shib-burned/#:~:text=Over%208%20Billion%20Shiba%20Inu%20Burned%20In%20The%20Last%2024%20Hours&amp;text=As%20a%20result%20of%20this,transferred%20to%20a%20dead%20wallet." rel="nofollow noopener" target="_blank">ultimately bullish</a> for SHIB’s price. This is because the number of SHIB tokens burned is projected to increase exponentially as network activity continues to increase on Shibarium. More SHIB burns could potentially help increase the meme coin’s price.&nbsp;</p> 
<p>Meanwhile, despite this markable milestone, <a href="https://www.newsbtc.com/news/shiba-inu-marketing-lead-sends-important-message-to-shib-holders/" rel="nofollow noopener" target="_blank">Shiba Inu’s Marketing Lead, Lucie</a>, is ensuring that the <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-shib-burns/" rel="nofollow noopener" target="_blank">community</a> doesn’t rest on its laurels. In an X post, she urged them to continue to utilize Shibarium and encourage others to use and build on the layer-2 network. She suggested that the community cannot solely continue to rely on the <a href="https://bitcoinist.com/shiba-inu-lead-dev-shib-price/">efforts of developers</a> as everyone has a role to play in SHIB’s growth.&nbsp;</p> 
<p>At the time of writing, SHIB is trading at around $0.000009881, down over 2% in the last 24 hours, according to <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="nofollow noopener" target="_blank">data</a> from CoinMarketCap.&nbsp;</p>

Shiba Inu Gets Listed On Major Japanese Crypto Exchange

Table of Contents

Bitcoinist

Other articles published on Dec 15, 2023

CoinList Reaches Settlement with US Regulators on Alleged Sanction Violations

Shiba Inu Faces Major 15-Month Resistance That Could Make SHIB Surge or Crash by 30%

Exploring LFi Chain: blockchain and applications

Ankex Crypto Exchange Puts Operations On Hold Despite Market Recovery

Ledger Pushes Update as Wallet Users Targeted in Sophisticated Attack

Cardano’s Success in Smart Contracts and Its Rising Value

Join our free newsletter for daily crypto updates!