- SBI Group, a top-tier financial services provider in Japan, has signaled its venture into crypto trading by offering Shiba Inu (SHIB) on its subsidiary platform, SBI VC Trade.
- Shiba Inu, a rising star in the cryptocurrency arena, gains more exposure in Japan, strengthening its status as a significant asset in the country’s crypto market.
In a landmark move that testifies to the rapidly evolving crypto landscape, SBI Group, one of Japan’s eminent financial services conglomerates, has entered the realm of digital currency trading. The firm’s crypto asset exchange arm, SBI VC Trade, made the announcement that it will commence trading services for Shiba Inu (SHIB) starting June 28, 2023.
— SBI VC Trade (SBI VCトレード） (@sbivc_official) June 28, 2023
SBI Group has carved a reputation as a holistic provider of financial services ranging from securities brokerage to banking and insurance. Its entry into the cryptocurrency world represents a strategic response to the growing demand for crypto assets, cementing its role as a front-runner in the financial services arena.
By integrating Shiba Inu, an Ethereum-based cryptocurrency that has garnered global recognition, SBI Group underlines its commitment to aligning with market trends and customer needs. The firm recognizes SHIB as an investment opportunity that is gaining significant momentum, backed by a substantial community following.
In addition to Shiba Inu, SBI VC Trade has introduced Dai (DAI) and Cosmos (ATOM), expanding the roster of supported digital assets to 20. The company aims to facilitate a variety of services, including sales, accumulation offers, and lending services, providing customers with a broad spectrum of investment options.
This move has deep implications for Shiba Inu’s visibility and acceptance in Japan, reflecting its growing influence in the crypto markets. Other major Japanese exchanges such as OKCoin Japan, BitFlyer, and BitPoint have also incorporated SHIB into their listing. As a result, the inclusion of SHIB in SBI VC Trade’s offerings fortifies Shiba Inu’s position within the Japanese cryptocurrency market.
The company’s decision to venture into crypto trading comes amid reports of Shiba Inu’s lead, Shytoshi Kusama, relocating to Niseko, Japan. This relocation sparked speculation among the crypto community, and the support from SBI VC Trade further amplifies Shiba Inu’s relevance in Japan.
With the addition of Shiba Inu to its trading platform, SBI VC Trade projects a future-ready stance in the face of evolving financial trends. This pivotal step signifies the group’s strategic approach to staying at the forefront of financial innovation while catering to the ever-changing needs of its clientele.