Shiba Inu dubbed "Dogecoin Killer" to Be Listed on Turkey's Largest and Oldest Exchange

On Oct. 15, BTCTurk will allow deposits and withdrawals for Shiba Inu owners. Shiba Inu, the second-largest canine cryptocurrency, is slated for listing on BTCTurk, Turkey's largest and oldest cryptocurrency exchange.

Users will be able to deposit and withdraw SHIB tokens on Oct. 15 at 12:00 p.m. UTC, according to a Thursday statement.

Over the last two months, the meme currency has gained significant momentum on exchanges.

Shiba Inu launched ZebPay, India's oldest cryptocurrency exchange, earlier this week, as reported by U.Today.

Coinbase began accepting the Dogecoin doppelgänger in September. It became the most-traded cryptocurrency on the biggest American exchange in less than a month.

Turkey's crypto sector is in shambles

BTCTurk, headquartered in Istanbul, has been operating since 2013 and is the country's largest exchange.

Numerous Turkish trading sites have recently shut down, with Coinzo being the latest to do so. The site stated on Monday that all of its clients were required to withdraw their money.

Thodex, another significant exchange, failed in April when its CEO went missing with clients' money. Faruk Fatih Ozer, the CEO, subsequently escaped to Albania. Vebitcoin also ceased operations after the initiation of a criminal probe against the exchange by authorities.

In April, Turkey's central bank prohibited the use of cryptocurrencies to pay for products and services.

President Recep Tayyip Erdogan said last month that Turkey was at war with cryptocurrencies.


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