Dogecoin (DOGE) and Polkadot (DOT) Accepted by Japanese Bitbank

Dogecoin (DOGE) is dancing with geishas in Japan for pure joy as memecoin is accepted by one of the most established crypto exchanges in the Asian region. Bitbank, a crypto platform based in Tokyo, Japan, has been operating 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 the new launch of Polkadot (DOT) and Dogecoin (DOGE) today. with this release, we will also start accepting "Lending for Interest" applications for Polkadot (DOT) and Dogecoin (DOGE). https://t.co/daQaCGcBXk

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

Zero Transaction Fee for Celebration

Moreover, the Japanese crypto platform wants to celebrate this opportunity with commission-free trading of Dogecoin (DOGE) and Polkadot (DOT) against the Japanese Yen. The zero-commission trading discount applies to maker orders that add liquidity and taker orders that remove liquidity. The normal fees for such trading activities are -0.02% and +0.12% respectively.

Japan Loves Dogecoin (DOGE)

As a center of innovation, it's no surprise that Japan was the first country to launch Dogecoin (DOGE) trading. However, it should be noted that Japan has long had complex rules and regulations around crypto, and since the Japan Virtual and Crypto Asset Exchange Association (JVCEA) released a green list of tokens that do not need to go through a lengthy legal procedure before entering crypto exchanges, Japan has been playing catch-up with the rest of the crypto world. Dogecoin (DOGE), the meme coin inspired by the Japanese breed of dog, was only accepted by the first Japanese crypto exchange this March. BTCBOX, also based in Tokyo, added DOGE and has since seen an increase in trading volume. Moreover, Japan's FTX subsidiary also added Dogecoin (DOGE) last month. Other tokens on Japan's green list include top crypto asset Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Stellar Lumens (XLM). Japanese crypto traders also recognize the importance of Polkadot (DOT) as it can create 'parachains through linking', a crucial feature that allows a user to work together across different blockchains. However, it seems that Japanese crypto enthusiasts will not be fully satisfied until DOGE's competitor Shiba Inu (SHIB) is added to Japan's top crypto platforms. 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 the strong voice of the SHIB Army.