E-commerce Giant Rakuten Adds Shiba Inu to Mobile Wallet

Japanese e-commerce conglomerate Rakuten Group disclosed that it is adding the Shiba Inu ($SHIB) meme coin to its mobile wallet. This move marks a positive regulatory and platform development for Shiba Inu in Japan.

$SHIB going live on Rakuten Mobile Wallet

According to updates shared by Shibarium, Rakuten Wallet is expanding its spot trading to include $SHIB, starting on April 15, 2026.

Upon debuting, Japanese users of Rakuten Wallet can buy, sell and trade $SHIB directly on the platform using Japanese yen. They can also use other supported assets, all within a regulated environment.

The Shibarium team added that $SHIB will sit alongside other major assets like $XRP and Dogecoin (DOGE).

For emphasis, Japan has one of the strictest, most regulated crypto markets globally. The Financial Services Agency (FSA) and self-regulatory bodies carefully vet tokens before they can be listed on licensed exchanges.

For now, $SHIB has already cleared Japan's strict approval process, and it is seeing deeper integration into the Rakuten ecosystem.

Rakuten is not just a crypto exchange but a giant conglomerate with millions of users across e-commerce, banking, payments, credit cards and digital services.

Thus, adding $SHIB to the platform exposes the token to everyday Japanese consumers who already use Rakuten for shopping and finance.

Implication for $SHIB

Essentially, the integration is bullish news from $SHIB and Shibarium, its layer-2 blockchain. It emphasizes legitimacy, mainstream integration and timing with favorable regulations.

The Shibarium team emphasized that the listing corresponds with the new 20% tax structure, institutional access opening and “digital era” rollout in Japan.

Such listings can increase accessibility, liquidity and visibility, especially on a high-trust market like Japan.

It could also help push the $SHIB price higher, depending on trading volume, user adoption and broader market conditions. $SHIB remains a high-supply meme token with a strong community , with ongoing utility developments through Shibarium.

Currently, Shiba Inu is trading at $0.0000058, with the market cap pegged at $3.4 billion. The $SHIB price has plunged more than 4.2% over the past day, while trading volume dropped to $97 million.

Despite declining prices, market sentiment appears to have flipped in favor of Shiba Inu. On Monday, April 6, Shiba Inu exchange netflow surged by about 5.28% to -111,677,000,000 $SHIB in 24 hours. This brought relief to rising market fear as it marked a bullish signal for $SHIB.