Millions of SHIB to Be Gifted During Listing on Major Japanese Crypto Exchange

Japan’s major crypto exchange, BITPoint, is reportedly set to begin trading Shiba Inu token (SHIB). SHIB will start quoting there on Nov. 30 under its usual ticker. In addition to the news of the listing of Shiba Inu token, BITPoint has announced a themed gift campaign. As part of the promotion, the exchange will give away millions of SHIBs to its old and new customers.

Thus, 1 million SHIB will be given out to every new customer registered between now and the end of December, and 100 million SHIB will be given out for purchases over 10,000 yen during the same period. On top of that, about 230 million more SHIB will be given away via Twitter and a quiz from BITPoint, the details of which can be found in a press release from the exchange.

SHIB and CEXes

SHIB’s listing on BITPoint will be its first on a major Japanese centralized crypto platform, hence the scale of the celebration that the exchange decided to throw with a multi-million-dollar token giveaway. Presumably, if SHIB trading on BITPoint picks up momentum, one would think that the token would be included in the exchange’s own reserves.

Earlier, U.Today made a detailed breakdown of SHIB reserves of exchanges that opened this data. Then, it turned out that Binance holds more than 10% of the entire Shiba Inu offering.