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Bithumb Announces New Trading Pair For SHIB

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Shiba Inu
Shiba Inu

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  • What – In a recent announcement, Bithumb, one of the leading cryptocurrency exchanges, has revealed a new trading pair for SHIB.
  • Why – SHIB has attracted many investors with its low trading price and large circulating supply.
  • What Next – The exchange will now support trading between SHIB and Korean Won, making it easier for users to invest in SHIB.

Shiba Inu, SHIB, is a meme-inspired cryptocurrency that has recently gaining significant popularity. The cryptocurrency trades on several exchanges, including Binance, Huobi, and OKEx.

SHIB Pairs With Korean Won On Bithumb

Bithumb’s decision to offer a new trading pair for SHIB will likely increase its popularity among South Korean investors. Adding the South Korean Won (KRW) to the mix gives users more options for buying and selling SHIB.

SHIB’s listing and trading activities on the Bithumb exchange came after another Korean digital currency exchange, Upbit, announced the same trading pair for the token. 

Meanwhile, this pair trades as the eleventh largest on the exchange, with over $62 million trading volume. The trading volume of DOGE is approximately $3 million above this figure, while that of Ethereum is around $22 million lesser. 

This Bithumb move is not surprising, given that the cryptocurrency market continues to grow in South Korea. With the rising popularity of cryptocurrencies like Bitcoin and Ethereum, many investors seek new opportunities to invest in emerging projects.

Bithumb is one of the largest cryptocurrency exchanges in South Korea, supporting several trading activities. 

The exchange has been at the forefront of the cryptocurrency market in South Korea and is expected to grow as more investors turn to cryptocurrencies as an alternative investment.

Notably, as the popularity of SHIB continues to increase, more exchanges will likely follow Bithumb’s lead and offer new trading pairs for SHIB. As a result, investors may consider adding SHIB to their portfolios as its potential for growth is high.

Digital Currencies In South Korea

Digital currency activities in South Korea regained popularity after the Aptos token (APT) surged by 385% in 2023. This resulted from the multi-billion dollar trades on the Upbit exchange. 

Aside from this, several other market players believe Korean investors could contribute positively to the crypto market.

Their notions appear authentic, considering the latest development on Shiba Inu and its native token SHIB. The pairing of the token with the country’s currency will facilitate the advancement and expansion of the Shiba Inu company, exposing it to a strong liquid market.

At the time of writing, the SHIB token currently trades at $0.00001302 against KRW, according to data from CoinGecko

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