Science

Shiba Inu’s rival Floki Inu to be listed on South Korea’s main stock exchange

Shiba Inu’s competitor, Floki Inu (FLOKI), has been listed on BitGlobal, an international cryptocurrency exchange based in Hong Kong.

FLOKI, a meme coin inspired by SpaceX CEO Elon Musk, will appear on the exchange on December 27. This crypto-meme is very active on social media, but so far very little features on the most famous crypto exchanges.

The exchange was launched in 2019 as an offshoot of South Korean crypto giant Bithumb, which aimed to expand the company’s presence globally.

BitGlobal has recorded a transaction volume of $ 213 million in the last 24 hours.

Originally called Bithumb Global, the exchange underwent a rebrand in July.

The change was linked to regulatory concerns that led South Korea’s largest stock exchange to distance itself from the subsidiaries of the same name that remain its wholly owned subsidiaries. No longer authorized to use the trademark, Bithumb Singapore also changed its name to Bitholic.

BitGlobal is currently present in 196 countries around the world.

Korbit added support for the Shiba Inu meme piece in early November.

Along with Bithumb, Korbit was one of the only South Korean exchanges that managed to survive a severe regulatory crackdown earlier this year. More than 40 cryptocurrency exchanges were closed in the country earlier this year.

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