CoinJar, the longest-running cryptocurrency exchange in Australia, has announced a Shiba Inu-themed promotional campaign on the occasion of its ninth anniversary.

According to the announcement, users who make a single trade on the CoinJar app this week will be able to win up to 99,999,999 million SHIB tokens (roughly $3,526 at press time). Participants will be able to increase the number of entries by making more trades. CoinJar says that one individual will be able to have a maximum of ten entries.        

The company reflected on its journey in the blog post, recalling that it started to operate when the price of Bitcoin was sitting at just $100. It also mentioned how the market value of Shiba Inu surpassed that of General Electric last year.

CoinJar also prides itself on the fact that it became the very first cryptocurrency exchange to launch in the UK and become licensed by the Financial Conduct Authority, the country’s main regulatory body.

As reported by U.Today, Australia’s longest-running exchange added support for Shiba Inu back in December. Australians can also buy SHIB tokens on CoinSpot, Swyftx, Uphold, and other popular cryptocurrency trading platforms.    

A survey conducted in late 2021 found that the meme coin was more popular than Cardano’s ADA and XRP in the country despite the fact that it appeared on the cryptocurrency scene relatively recently.

SHIB is currently trading at $0.00002142 on major spot exchanges, according to CoinMarketCap data.

The longest-running crypto exchange in Australia has become the latest platform to list Shiba Inu (SHIB) after the likes of Kraken and Bitpay. The leading crypto exchange in its official tweet admitted that they couldn’t ignore the meme currency for long and are listing it along with six others.

“In retrospect, it was inevitable. SHIB is here – and we’re also adding 6 more tokens to the CoinJar lineup”

In retrospect, it was inevitable. SHIB is here – and we’re also adding 6 more tokens to the CoinJar lineup.

Read more: https://t.co/y6EjniSqOQ pic.twitter.com/mQlaDtlhJX

— CoinJar (@GetCoinJar) December 22, 2021

The official blog post read:

“Starting today you can buy, sell, send and trade Shiba Inu ($SHIB) using your CoinJar Wallet. With CoinJar Card you can even use SHIB to do some last-minute Christmas shopping, which at the very least should give you something to chat about at family lunch.”

SHIB has tuned out to be one of the biggest gainers in 2021 after it rose to a new all-time high of $0.000089 in October. However, in the following two months, the altcoin has lost the majority of its gains and currently trading at $0.00003443 with a 9% rise over the past 24-hours. The altcoin is looking to recover and gain some bullish momentum by the end of the year.

Shiba Inu sees a rise in on-chain development and whale accumulation

Shiba Inu has seen a continuous price downturn over the past 8 weeks, however, the meme currency is now looking at a path of recovery on the back of soaring development activity and continuous whale accumulation.

Coingape recently reported how Ether whales have accumulated nearly four trillion SHIB during the current dip and are expected to hodl more. The exchange whales are also flashing buy signals after two-month-long and the altcoin can make the most of the current bullish momentum.

With strong community support, the altcoin is still awaiting a Robinhood listing that could prove to be a catalyst for its price to surge further.