1. BITBILIHome
  2. Article

OkCoinJapan announces support for Shiba Inu on the Polygon network

• 191 views

TL;DR Breakdown

  • OkCoinJapan is set to list Shiba Inu tokens based on the Polygon protocol, starting September 7, making it easier for both retail and institutional investors to trade the meme coin.
  • The listing follows the successful relaunch of Shibarium, Shiba Inu’s Layer-2 scaling solution, and marks a significant milestone in the meme coin’s efforts to extend its reach in the Web3.0 ecosystem.

Description

In a significant development for the cryptocurrency world, OkCoinJapan, a leading digital currency trading platform in Asia, has announced its plans to list new tokens, including the Shiba Inu (SHIB) token based on the Polygon protocol. This move comes shortly after the relaunch of Shibarium, a Layer-2 scaling solution that is a significant gateway for … Read more

In a significant development for the cryptocurrency world, OkCoinJapan, a leading digital currency trading platform in Asia, has announced its plans to list new tokens, including the Shiba Inu (SHIB) token based on the Polygon protocol. This move comes shortly after the relaunch of Shibarium, a Layer-2 scaling solution that is a significant gateway for the Shiba Inu protocol. The listing is scheduled to go live on September 7 and will support the trading of DAI SHIB tokens on the Polygon network. This strategic decision by OkCoinJapan is a testament to the growing influence of Shiba Inu in the Web 3.0 ecosystem. It marks a significant milestone for both the exchange and the meme coin.

The Shiba Inu listing schedule: A strategic move

OkCoinJapan took to its official account on the X platform to announce the listing schedule for Shiba Inu. Starting September 7, the platform will support the trading of DAI SHIB tokens based on the Polygon variant. This announcement follows the recent relaunch of Shibarium, a Layer-2 scaling solution regarded as a significant pivot point for the Shiba Inu protocol. The relaunch of Shibarium was initially fraught with irregularities, but it has since stabilized, with block production resuming normally.

The decision by OkCoinJapan to support Shiba Inu is a significant endorsement of the meme coin, which has been striving to extend its reach across the Web 3.0 ecosystem. OkCoinJapan, known for its deep liquidity, will facilitate easy access for retail and institutional investors to trade DAI and SHIB tokens. This is particularly important as the exchange offers a range of other products primarily supported by its trading platform.

The broader impact: Shiba Inu’s growing influence in Asia and beyond

Japan and the broader Asian region are becoming increasingly important in the growth and evolution of the Web 3.0 ecosystem. OkCoinJapan’s decision to list Shiba Inu is a win for the meme coin and the broader blockchain community in the region. The listing is expected to attract more attention to Shiba Inu, which has already gained a reputation as one of the most prominent meme coins, especially following the launch of Shibarium.

The Shibarium protocol has been pivotal in drawing more listings from top exchanges worldwide. Since its reopening, the network has been functioning smoothly, and industry innovators are already planning to launch decentralized applications (DApps) to help expand the Shibarium ecosystem. The success of Shibarium will likely play a crucial role in boosting the launch of SHIB and its associated tokens on other exchanges in the near future.

Conclusion

OkCoinJapan’s decision to list Shiba Inu based on the Polygon protocol is a win-win situation for both parties involved. For Shiba Inu, it marks another step in its journey to become a more widely accepted and traded cryptocurrency. OkCoinJapan adds another high-profile token to its trading platform, attracting more users and trading volume. As both Shiba Inu and OkCoinJapan continue to make strides in the ever-evolving world of digital currencies, this partnership is a testament to the dynamic and rapidly changing landscape of the Web 3.0 ecosystem.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:OkCoinJapan announces support for Shiba Inu on the Polygon network

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年9月1日 13:43
Next 2023年9月1日 16:05

Related articles

  • Wallet Providers Embrace BRC-20 Token Support Amid Market Volatility

    TL;DR Breakdown Wallet providers, including BitKeep and OKX, are introducing support for BRC-20 tokens, a new token standard on the Bitcoin network. Despite facing a market drawdown and the majority of the market cap consisting of meme coins, BRC-20 tokens hold promise for asset creation and transfer on the Bitcoin blockchain. Description In the ever-evolving world of cryptocurrencies, tokenization has become a prominent trend, enabling the creation and transfer of digital assets on various blockchain networks. While Ethereum‘s ERC-20 token standard has dominated the market for years, a new token standard called BRC-20 has emerged on the Bitcoin network, offering unique features and opportunities for asset deployment. Despite … Read more In the ever-evolving world of cryptocurrencies, tokenization has become a prominent trend, enabling the creation and transfer of digital assets on various blockchain networks. While Ethereum‘s ERC-20 token standard has dominated the market for years, a new token standard called BRC-20 has emerged on the Bitcoin network, offering unique features and opportunities for asset deployment. Despite facing market drawdown and the dominance of meme coins, wallet providers are now recognizing the…

    Article 2023年6月24日

  • U.S. debt ceiling talks approach critical default deadline

    TL;DR Breakdown The U.S. government is racing against a critical deadline to lift the $31.4 trillion debt ceiling to prevent a catastrophic default. The Treasury Department has warned that the government will run out of funds to pay its bills by June 5 unless Congress acts. A high-stakes negotiation is in the works in Washington as a critical deadline looms to lift the U.S. federal government’s $31.4 trillion debt ceiling. In a political climate fraught with a razor-thin margin in Congress, the consequences of a failure to resolve the current standoff are potentially catastrophic. The urgency of addressing the debt ceiling As we move closer to the clock striking midnight on this fiscal time bomb, the deadline of June 5, revised from an initial June 1 date, is fast approaching. The Treasury Department has asserted that the government could find itself unable to meet its financial obligations if Congress does not act decisively. However, sealing a deal is no easy feat. An agreement between President Joe Biden and top congressional Republican, Kevin McCarthy, is merely the starting gun in a…

    Article 2023年5月30日

  • This is going to be a horrible week for Apple – Why?

    TL;DR Breakdown Apple faces challenges with China clamping down on iPhone usage among its government officials. The iPhone 15 unveiling aims to outpace Samsung in the global handset market. Description September, with its transition from the carefree warmth of summer to the daunting chill of fall, often ushers in unexpected challenges. Just as the weather turns its back on the optimism of sunnier days, the tech giant Apple finds itself facing its own set of dark clouds as we venture further into the month. An … Read more September, with its transition from the carefree warmth of summer to the daunting chill of fall, often ushers in unexpected challenges. Just as the weather turns its back on the optimism of sunnier days, the tech giant Apple finds itself facing its own set of dark clouds as we venture further into the month. An Unexpected Party-Crasher in Beijing Apple’s been polishing its image and gearing up for a significant event. With the anticipated unveiling of the iPhone 15 on Tuesday, there was a palpable energy in the air. Rumors were buzzing,…

    Article 2023年9月11日

  • IRS CI leads global effort to train Ukraine in cybersecurity

    TL;DR Breakdown The IRS CI collaborates with global partners to train Ukrainian officials in cybercrime prevention. Dutch FIOD and UK’s HMRC have also contributed to the cyber training sessions. Russian military groups have raised $20 million in cryptocurrency post-Ukraine invasion. Description The IRS Criminal Investigation (CI) has teamed up with international partners to provide advanced training to Ukrainian law enforcement. The focus is combatting cybercrime, with a keen eye on the intricacies of cryptocurrencies and blockchain-based tracking. Moreover, the Dutch Fiscal Information and Investigation Service (FIOD) and the UK’s His Majesty’s Revenue and Customs (HMRC) have … Read more The IRS Criminal Investigation (CI) has teamed up with international partners to provide advanced training to Ukrainian law enforcement. The focus is combatting cybercrime, with a keen eye on the intricacies of cryptocurrencies and blockchain-based tracking. Moreover, the Dutch Fiscal Information and Investigation Service (FIOD) and the UK’s His Majesty’s Revenue and Customs (HMRC) have joined forces with the IRS CI. Together, they delivered further cyber training to Ukrainian officials in June. This collaboration saw a second round from September 18th…

    Article 2023年9月25日

  • US-based institutions actively accumulating bitcoin following BlackRock’s ETF bid, on-chain analyst says

    TL;DR Breakdown US-based institutions are actively accumulating Bitcoin following BlackRock’s ETF bid, according to on-chain analyst William Clemente. Heightened activity during US trading sessions, marginally higher Bitcoin prices on Coinbase, and surging CME futures open interest indicate increased US investor interest. Institutional adoption of Bitcoin continues to grow, with the potential approval of a Bitcoin ETF offering regulated exposure to the cryptocurrency market. Description In the wake of BlackRock’s application for a spot-based Bitcoin exchange-traded fund (ETF), US investors have been flocking to Bitcoin (BTC), according to on-chain analyst William Clemente. In an interview with BTC advocate Anthony Pompliano, Clemente presented three key pieces of evidence suggesting that US-based institutions have been actively accumulating the leading cryptocurrency. Heightened activity … Read more In the wake of BlackRock’s application for a spot-based Bitcoin exchange-traded fund (ETF), US investors have been flocking to Bitcoin (BTC), according to on-chain analyst William Clemente. In an interview with BTC advocate Anthony Pompliano, Clemente presented three key pieces of evidence suggesting that US-based institutions have been actively accumulating the leading cryptocurrency. Heightened activity points to US…

    Article 2023年7月11日
TOP