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"Dogecoin Killer" Shiba Inu to Be Listed on App of India's First Crypto Unicorn

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Thu, 11/11/2021 - 14:43
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Alex Dovbnya
CoinDCX has announced that Shiba Inu will be available on its retail-friendly app later this week
"Dogecoin Killer" Shiba Inu to Be Listed on App of India's First Crypto Unicorn
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Cryptocurrency exchange CoinDCX has announced that it will list the Shiba Inu (SHIB) cryptocurrency on its retail-friendly CoinDCX Go app on Friday, becoming the latest major trading platform to embrace the leading meme coin.

Prior to that, SHIB was available on the platform in trade-only mode on professionally-oriented CoinDCX Pro.

In August, CoinDCX became the very first cryptocurrency company in India to reach unicorn status after raising $90 million during a funding round spearheaded by B Capital, a venture capital fund created by Facebook co-founder Eduardo Saverin.

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It aims to onboard 50 million users after reporting 3.5 million customers three months ago.

As reported by U.Today, ZebPay, the oldest crypto exchange in the country, added support for Shiba Inu roughly one month ago.

In spite of its rapid growth, India's cryptocurrency sector remains plagued by a lack of regulatory clarity.

Yesterday, Reserve Bank of India Governor Shaktikanta Das reiterated his concerns about the cryptocurrency industry.

The Indian government is expected to pass a modified cryptocurrency bill at the start of the winter session.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.