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Dogecoin and Polkadot Now Supported by Japan’s Bitbank

Wed, 08/03/2022 - 06:16
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Alex Dovbnya
FSA-approved Japanese cryptocurrency exchange Bitbank has added support for two more cryptocurrencies
Dogecoin and Polkadot Now Supported by Japan’s Bitbank
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Japanese cryptocurrency exchange Bitbank has added support for Dogecoin (DOGE) and Polkadot (DOT), according to an Aug. 3 blog post.

The Tokyo-based exchange now allows its customers to trade a total of 18 cryptocurrencies.

The two aforementioned coins will also be supported by Bitbank’s cryptocurrency lending service, the blog post says. 

Back in October 2017, the Japanese Financial Services Agency (FSA) officially recognized Bitbank and ten other companies as registered crypto exchange operators in order to support fintech innovations in the country.

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Dogecoin and Polkadot Now Supported by Japan’s Bitbank
In May, Bitbank set up a custody firm called Japan Digital Asset Trust (JADAT) in partnership with Japanese financial holding company Sumitomo Mitsui Trust Holdings.

As reported by U.Today, FTX Japan, a local subsidiary of the cryptocurrency giant, added support for Dogecoin last month. 

In March, BTCBOX became the first licensed cryptocurrency exchange to add support for the meme cryptocurrency, which was inspired by the Japanese dog breed called Shiba Inu. 

Earlier this year, Nikkei reported that Japanese cryptocurrency exchanges started the process of simplifying listings in order to catch up with other trading platforms around the globe.  The Japan Virtual and Crypto asset Exchange Association (JVCEA) approved a green list of tokens that includes Bitcoin (BTC), XRP, Ethereum (ETH), Stellar (XLM), and some other popular altcoins that will no longer have to be subject to additional screening procedures.                   

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.