Shiba Inu Listed on CoinSwitch Kuber! New feature will tell the risk of coin


Cryptocurrency investing app CoinSwitch Kuber has listed Shiba Inu on its platform. The company has also launched a feature called riskometer. This feature tells the investor about the risk associated with investing in a digital coin. CoinSwitch Kuber is the largest cryptocurrency firm in India with 14 million users. In the last 18 months, the company has listed 80 coins on its platform.

Ashish Singhal, Founder and CEO, CoinSwitch, said, “The demand for Shiba Inu has only grown and many users wanted the coin to be listed on the exchange. Being a responsible exchange, we have met this demand from investors while protecting them. taken care of as well.”

The Shiba Inu Coin is based on a hunting dog from Japan. It is the 13th largest cryptocurrency in the world with a market capitalization of around $18 billion.

The Shiba Inu was created in August 2020 by an anonymous person, Royshi. The price of SHIB coin is just $0.0000034 (approximately Rs.0.002505). That’s why investors can hold it in large numbers. Currently there are around 549 trillion coins of this coin in circulation.

This meme based cryptocurrency is built on the Ethereum blockchain. The number of Shiba Inu’s supporters around the world is in millions. In September, Coinbase, America’s largest crypto exchange, listed the Shiba Inu. Being a meme coin, it is not taken seriously which makes this coin quite risky.

CoinSwitch says that the Riskometer feature gives warnings for coins at risk. It also cautions users about coins with which the company feels that users should proceed with caution. CoinSwitch raised $260 million in its Series C funding in September from Coinbase Ventures and Andreessen Horowitz (a16z). After this it became India’s largest crypto giant with a valuation of $ 1.9 billion (about Rs 1.41 trillion).

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