Indian Unicorn CoinCDX Lists Shiba Inu. High demand makes exchange listing emoji pack coins. CoinCDX became the second exchange to list SHIB in India.
CoinDCX, an Indian cryptocurrency unicorn, has listed the popular memecoin Shiba Inu on the market, allowing retail investors on the platform to acquire the popular altcoin.
CoinDCX, one of India’s leading cryptocurrency exchanges, completed the listing of Dogecoin Killer on Friday in the face of many regulatory uncertainties in cryptocurrency India.
If the Indian authorities take a strong stance on crypto, it’s worth noting that the community’s crypto community is still resilient as Indian investors generate millions of dollars in daily trading volumes on various exchanges.
Why CoinDCX is listed on Shiba Inu
A few weeks ago, the price of Shiba Inu once again hit an all-time high, making it one of the most traded crypto assets at one time.
The exchange announced in a Twitter post that it had listed Shiba Inu, which was reportedly inspired by the high demand for the coin. With investors showing strong interest in cryptocurrencies, the exchange has become the latest exchange to open SHIB trading to retail investors.
Prior to being offered to retail investors, Shiba Inu was only available on the platform as a trading-only mode for the expert-oriented CoinDCX Pro. About a month before CoinDCX, India’s oldest cryptocurrency exchange ZebPay added support for Shiba Inu.
CoinCDX became the first Indian unicorn after raising $90 million in a funding round led by B Capital, a venture capital fund created by Facebook Inc. The exchange’s goal is to attract 50 million users, although only 3.5 million users were reported three months ago.
As of press time, Shiba Inu is trading at $0.00005157 and (CoinGecko) is down -1.4% in the last 24 hours.
Many speculate that memecoin will soon be listed on Robinhood, which is also a popular retail trading application in the US. However, no official confirmation was provided.
Information source: Compiled by CRYPTOPOLITAN by 0x information. Copyright belongs to the author Muhaimin Olowoporoku. Reproduction is prohibited.