In light of Sony’s entry into the cryptocurrency exchange market with the relaunch of a Japanese platform, the Shiba Inu Army sees potential for SHIB. Sony, a major tech company, has taken steps to rebrand the parent firm Amber Japan to S.BLOX and revamp the Whalefin exchange, aiming to make it more user-friendly and introduce new trading features, along with a new mobile app.
Shiba Inu, a meme coin, is one of the few crypto assets available on Whalefin, a fact highlighted by community figure Lola in response to reports of Sony’s involvement in the crypto asset trading market. Lola emphasized the significance of Shiba Inu’s presence on the Japanese exchange, despite media coverage focusing on Sony’s alleged launch of a Bitcoin exchange.
While Lola noted that altcoins like Shiba Inu typically follow Bitcoin’s market trends, she pointed out the deliberate omission of SHIB in discussions surrounding Sony’s foray into the crypto asset market. Community members have embraced Lola’s findings, recognizing the positive implications for SHIB.
Sony’s acquisition of Amber Japan and the subsequent rebranding of the platform mark the company’s entry into the crypto exchange market. However, the official date for the re-launch of the exchange has not been disclosed.
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