Dogecoin And Polkadot Support Has Been Added By Japan’s Bitbank

Dogecoin and Polkadot have been gaining global attention. In a blog post published on August 3, Japanese crypto exchange Bitbank announced the addition of support for Polkadot (DOT) and Dogecoin (DOGE).

Customers of the Tokyo-based exchange may now trade a total of 18 cryptocurrencies. According to the blog post, Bitbank’s bitcoin lending business will also support the two aforementioned coins.

To foster fintech developments in the nation, the Japanese Financial Services Agency (FSA) certified Bitbank and 10 other businesses as registered crypto exchange operators back in October 2017.

Dogecoin was listed by FTX Japan in May

In conjunction with Japanese financial holding company Sumitomo Mitsui Trust Holdings, Bitbank established a custody company named Japan Digital Asset Trust (JADAT) in May.

Last month, the cryptocurrency behemoth’s local affiliate in Japan, FTX Japan, gained support for Dogecoin.

The Shiba Inu-inspired meme coin gained acceptance from BTCBOX in March, making it the first authorized cryptocurrency exchange to do so.

To keep up with other trading platforms across the world, Nikkei reported earlier this year that Japanese cryptocurrency exchanges had begun the process of streamlining listings.

Bitcoin (BTC), XRP, Ethereum (ETH), Stellar (XLM), and a few other well-known altcoins are included on the green list of tokens that have been authorized by the Japan Virtual and Crypto Asset Exchange Association (JVCEA) and will no longer be subject to extra screening processes.

Dogecoin was created with the intention of being a joke. Shiba Inu-themed DOGE has gained popularity online since its introduction in 2013. The cryptocurrency gained popularity in the mainstream as Elon Musk began to talk about it. Since then, every time Elon tweets about DOGE, the meme currency has seen some brief rises.

Dogecoin’s development has been slower than that of the Shiba Inu. In order to refute the claim, Dogecoin has revealed its redesigned website.


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