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Binance Japan confirmed plans to list the SHIB/JPY on the spot market by 30 April.
Binanceジャパンが2024年4月30日17:00より現物取引において日本円建ての取引ペア #SHIB/JPY を追加。
上記取引ペアは現在実施中の売買取引手数料無料キャンペーンの対象で、期間中はメイカー手数料およびテイカー手数料ともに無料とのこと。https://t.co/Fus96RbCN5— KURO🐾SHIBARMY JPN🇯🇵 (@kuro_9696_9696) April 30, 2024
Consequently, the trading platform opened the new pair for trading on Tuesday, allowing Japanese crypto enthusiasts to trade Shiba Inu (SHIB) against their local currency.
SHIB jumps 361% after launching
A recognized Japan-based SHIB enthusiast, KURO, first revealed Binance Japan’s listing of Shiba Inu. Further, he highlighted massive trading actions surrounding SHIB/JYP after its launch.
The pair saw a staggering 361.92% upswing, climbing from opening price of 0.0036608 JPY to $0.016666 less than an hour after listing.
一瞬だけSHIB 0.016666円😁#柴犬コイン #シバイヌコイン https://t.co/asKUDx4Omu pic.twitter.com/DeBtIV9iYw
— KURO🐾SHIBARMY JPN🇯🇵 (@kuro_9696_9696) April 30, 2024
Nevertheless, the remarkable upside was momentary as the pair stood at around 0.003741 JPY during this publication.
Further, stats show Shiba Inu fans in Japan have traded over 106.39 million SHIB coins, worth 421,078 JPY.
Shiba Inu community member KURO believes the pair will climb again to flip 0.016666 into support.
Bullish developments, some highlighted on SHIB’s latest magazine, could propel the pair past such highs in the upcoming sessions.
The memecoin makes its presence known after joining any platform. Recently, Shiba Inu outperformed on Robinhood with impressive actions days after debut.
Besides Shiba Inu, Binance Japan recently listed Solana, Cardano, and XRP yen pairs.
The post Shiba Inu displays top performance in Japan as SHIB/JPY debuts on Binance appeared first on Invezz
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