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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