Shiba Inu (SHIB) Achieves New Listing Against Korean Won, Here’s Why It’s Good

The listing of a new trading pair for the Shiba Inu token, also known as SHIB, was announced by the Korean cryptocurrency exchange Bithumb.

According to the release, the token can now be exchanged for the won, which is the official currency of the republic of South Korea. On Upbit, related Shiba Inu (SHIB) tokens can now be traded in exchange for Korean Won. An additional prominent cryptocurrency exchange in South Korea, Upbit, launched the Shiba Inu token as a trading pair against the South Korean won one month prior to the introduction of trading facilities for SHIB on Bithumb.

According to CoinMarketCap, this particular pair on Upbit is already the ninth largest in terms of trading volume across the entire exchange, with $57 million. Dogecoin (DOGE) is only $3 million ahead of Ethereum (ETH), whereas Ethereum (ETH) is $22 million down.

The Republic of Korea and digital currencies As the Aptos token, APT, increased by 385% in January of this year, the phenomena of Korean crypto trading was rediscovered. This was in no little part due to the multi-billion dollar trading that took place on Upbit. Because of this, the wagers that individual investors in South Korea are making have become something of a leading indicator for the cryptocurrency market.

Ads At the same time, other market participants have broadened their understanding of the capabilities of Korean investors and acknowledged their presence as a driving force in the industry. Payments Relating to the Shiba Inu (SHIB) Breed Thanks to This Collaboration, It Is Approved in Retail Shops Across France This implies that Shiba Inu and its token have advanced and extended even further in a market that is thriving and extremely liquid as a result of a new listing against Korea’s national currency on yet another exchange. Shiba Inu and its token are now listed against Korea’s national currency. At this time, one SHIB token can be purchased for 0.0174 Korean Won.

The post Shiba Inu (SHIB) Achieves New Listing Against Korean Won, Here’s Why It’s Good appeared first on BitcoinWorld.