Main navigation

Shiba Inu (SHIB) Secures New Listing on Big Korean Exchange

Thu, 07/20/2023 - 09:25
article image
Gamza Khanzadaev
Shiba Inu collects set as SHIB achieves new listing on Coinone of South Korea
Shiba Inu (SHIB) Secures New Listing on Big Korean Exchange
Cover image via
Read U.TODAY on
Google News

In a major development for the popular meme-inspired cryptocurrency, Shiba Inu (SHIB) has secured a new listing on Coinone, one of South Korea's largest crypto exchanges. This strategic move is expected to amplify SHIB's presence in Asia and significantly boost its trading volume.

Dormant SHIB Wallet Awakens to Help Burn 113 Million Shiba Inu: Details

Coinone officially commenced SHIB token trading yesterday, offering users the opportunity to trade the token against the Korean won. The exchange's decision to list SHIB comes after its successful listing on larger Korean exchanges Bithumb and Upbit earlier this year.

The significance of this listing lies in Coinone's status as one of the most notable exchanges in the region, ranking third in size among Korean crypto platforms. According to CoinMarketCap, Coinone's trading volume exceeds an impressive $64.5 million.

Coinone's solid nine-year tenure on the market adds further credibility to SHIB's adoption on the platform. As an established player on the South Korean market, Coinone offers a stable trading environment for Shiba Inu enthusiasts. Moreover, the exchange's openness to clients from across Asia is expected to widen the token's reach and establish its foothold in the region.

SHIB Wallets to Officially Hit Market in Epic Shiba Inu Release Next Week

The new listing has already proven its impact on the trading volume of SHIB on Coinone, with the token securing the 21st spot in terms of trading volume on its first day of trading, recording an impressive $105,826 in turnover. This compares favorably to SHIB's performance on other exchanges, where it ranks 66th on Upbit with a turnover of $2.13 million and a lower 133rd position on Bithumb, recording a trading volume of just $65,105.

However, when it comes to centralized exchanges, one must not forget: It's not your keys, it's not your crypto.

article image
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.