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Millions of SHIB to Be Gifted During Listing on Major Japanese Crypto Exchange

Thu, 11/24/2022 - 12:46
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Gamza Khanzadaev
Crypto exchange BITPoint will allow Japanese investors to buy Shiba Inu (SHIB), with millions of tokens to be gifted
Millions of SHIB to Be Gifted During Listing on Major Japanese Crypto Exchange
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Japan's major crypto exchange, BITPoint, is reportedly set to begin trading Shiba Inu token (SHIB). SHIB will start quoting there on Nov. 30 under its usual ticker. In addition to the news of the listing of Shiba Inu token, BITPoint has announced a themed gift campaign. As part of the promotion, the exchange will give away millions of SHIBs to its old and new customers.

Thus, 1 million SHIB will be given out to every new customer registered between now and the end of December, and 100 million SHIB will be given out for purchases over 10,000 yen during the same period. On top of that, about 230 million more SHIB will be given away via Twitter and a quiz from BITPoint, the details of which can be found in a press release from the exchange.

Shiba Eternity Game Receives New Upgrade, Here's What Changed

SHIB and CEXes

SHIB's listing on BITPoint will be its first on a major Japanese centralized crypto platform, hence the scale of the celebration that the exchange decided to throw with a multi-million-dollar token giveaway. Presumably, if SHIB trading on BITPoint picks up momentum, one would think that the token would be included in the exchange's own reserves.

Here's How Trillions of SHIB are Spread Across Key Crypto Exchanges

Earlier, U.Today made a detailed breakdown of SHIB reserves of exchanges that opened this data. Then, it turned out that Binance holds more than 10% of the entire Shiba Inu offering.

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About the author

Financial analyst, trader and crypto enthusiast.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.

He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.