TL;DR Breakdown
• The meme token will be available on the Korbit crypto platform from next Thursday, November 25.
• Shiba Inu continues on a bearish streak but could change its price after South Korean adoptions.
The crypto platform Korbit announced that it would add the Shiba Inu token in South Korea. The exchange would become the first website to trade the SHIB cryptocurrency, known worldwide for its speculative environment.
South Korea is going through a transition stage where it promises to accept cryptocurrency trading on its orders. Korbit would be one of the few crypto platforms operating in Asia after going through the registration process required by regulators. According to reports, Korbit would enable SHIB trading from Thursday, November 25.
South Korea trades with Shiba Inu
Shiba Inu reaches further and further in its adoptions, and now citizens in South Korea will have it through Korbit. Recently, the exchange announced that it would accept the token in its crypto list. Besides this, it will also allow the INJ that corresponds to a homonymous protocol based on DeFi with a second layer.
Korbit is a crypto platform that has survived the cryptographic repressions imposed in South Korea. The country in Asia forced several Exchanges to withdraw from the market after not complying with imposed rules, including associating with a bank. South Korea also required exchanges to register with its financial agency by early September.
Other survivors include Upbit, Coinone, and Bithumb, who have long been dominant crypto platforms in the South Korean market. However, Korbit is the only one willing to accept Shiba Inu, so its clients can trade the highly speculative security token today. By June, some exchanges in South Korea stopped trading the most volatile tokens, such as SHIB.
Korbit advances cryptocurrencies in South Korea
Korbit has been tasked with supporting Shiba Inu and has also been a promoter of the NFT trade. Since June, the crypto platform has been developing non-fungible parts so South Korean citizens can get involved in the new auction system.
Although Korbit’s announcements look promising for the token, Shiba Inu has maintained its bearish streak since October 28. Today, SHIB is trading at $ 0.0000367, losing 11.12 percent of its value in the last 24 hours. This has also been influenced by the drop of the most valued token, Bitcoin, which occurred in previous days.
However, the meme token could recover after the start of the possible adoptions wave arriving from South Korean territory. SHIB could hit new all-time highs in its value if citizens buy it. For now, crypto fans have to wait for SHIB to arrive in South Korea to make history.
