Cryptocurrency News & Updates

Shiba Inu Rival Floki Inu to Be Listed by Major South Korean Exchange

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Shiba Inu rival Floki Inu will be listed as Bithumb’s international subsidiary in the coming week

Shiba Inu competitor Floki Inu (FLOKI) was identified by BitGlobal the Hong Kong-based firm that is involved in international cryptocurrency trading.

FLOKI, a meme currency that was inspired by SpaceX CEO Elon Musk, will be listed at the time of December. 27.

#BitGlobal will show the #FLOKI #FLOKI @RealFlokiInu

Deposit: Dec 27, 2021 at 11:00 (UTC+8)
Trading : Dec 27, 2021 at 17:00 (UTC+8)

Trading Pair: FLOKI/USDT#cryptocurrencies pic.twitter.com/PdRpIKcTmi

— BitGlobal (formerly Bithumb Global) (@BithumbGlobal) December 24, 2021

The platform for trading was introduced in the year 2019 as an extension from South Korean crypto giant Bithumb intended to broaden the presence of the company on a global level.

BitGlobal has registered $213 million in volume of trading within the last 24 hours.

The exchange was initially named Bithumb Global, the exchange was rebranded in July.

The decision was prompted by regulatory issues that caused the biggest market located in South Korea to distance itself from the eponymous offshoots which are owned by its own subsidiaries. Not licensed anymore to use the brand of the exchange, Bithumb Singapore also changed its name to Bitholic.

BitGlobal is currently operating in 196 countries across the globe.

As stated on U.Today, Korbit added support for the Shiba Inu meme coin in the beginning of November.

Alongside Bithumb, Korbit was among the few South Korean exchanges that managed to withstand the rigors of a crackdown on regulatory compliance earlier in the year. Over 40 cryptocurrency exchanges were closed in South Korea in the course of this year.

Risen from the ashes

The original developer had abandoned his Floki Inu project and seemingly have to nip it to be nipped in the bud earlier The meme coin was able to resurface with its “V2 version” in July.

The company also made news stories in November after taking over the London transportation system with its aggressive marketing campaign.

Promoters for Floki Inu have also partnered with some of the biggest football clubs.

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