Dogecoin (DOGE) & Polkadot (DOT) Get Accepted By Japanese Bitbank

08/04/2022

2 minutes read

2022.08.04 11:02

Dogecoin (DOGE) is dancing with geishas in Japan out of pure joy, as the memecoin gets accepted by one of the most established crypto exchanges in the Asian region. Bitbank, a crypto platform located in Tokyo, Japan has been around since 2014. The crypto veteran announced the inclusion of Dogecoin (DOGE) and Polkadot (DOT) in an official blog post this morning.

#bitbank is pleased to announce that Polkadot (DOT) and Dogecoin (DOGE) have been newly released today.Along with this release, we’ll start accepting applications for Polkadot (DOT) and Dogecoin (DOGE) for “Lending for Interest” as well.https://t.co/daQaCGcBXk

— ビットバンク bitbank, inc. (@bitbank_inc) August 3, 2022

Zero Trading Fee for Celebration

Moreover, the Japanese crypto platform wants to celebrate the occasion with no-commission trading of Dogecoin (DOGE) & Polkadot (DOT) against the Japanese Yen. The zero fee trading discount is eligible for maker orders that add liquidity and taker orders, which remove liquidity. The normal fees for such trading activities are -0.02% and +0.12% respectively.

Japan’s Got Love for Dogecoin (DOGE)

As a hub of innovation, it’s no surprise that Japan is the first to introduce fee-free Dogecoin (DOGE) trading. However, it should be noted that Japan had complex rules and regulations on crypto for a long time, and ever since the Japan Virtual and Crypto asset Exchange Association (JVCEA) released a green list of tokens that don’t have to go through a long legal procedure before ending up on crypto exchanges, Japan is trying to catch up with the rest of the crypto world.

The Japanese dog breed inspired meme coin Dogecoin (DOGE) has only been accepted by the first Japanese crypto exchange this March. BTCBOX, which is also based in Tokyo, added DOGE and has seen a spike in trading volume ever since. What’s more, the FTX subsidiary in Japan also added Dogecoin (DOGE) just last month.

Other tokens in Japan’s green list include the top crypto asset Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Stellar Lumens (XLM). The Japanese crypto traders also acknowledge the importance of Polkadot (DOT), as it can create ‘parachains through bonding’, a crucial feature that lets a user interoperate between different blockchains.

However, it seems that the Japanese crypto enthusiasts won’t be fully content unless DOGE’s rival, Shiba Inu (SHIB), is added to the top crypto platforms of Japan. The SHIB Army in Japan created a petition 7 days ago. As the competition between Shiba Inu (SHIB) and Dogecoin (DOGE) intensifies, it will be exciting to see if Bitbank hears SHIB Army’s strong voice.

Day 7 Petition Requesting Japanese Exchanges To List #SHIB Home Of Shiba Inu Yesterday @Shibtoken announced the name of Shiba Inu Games #ShibaEternity Wen #SHIB @bitbank_inc ?@kuro_9696_9696 @SHIBjpn @Blue_escape77 @SeYXDwfD95uuFbj #ShibArmyJapan pic.twitter.com/pPTilKnKDe

— cheggy (@cheggy19) August 2, 2022