Shiba Inu: This Indian exchange allows U.S traders to invest in SHIB

Sahana Kiran
Shiba Inu
Source: Pixabay

Even though meme coins started out as a mere joke, assets like Shiba Inu [SHIB] and BabyDoge Coin [BabyDoge] were making it big all around the globe. The Indian market seemed to be extremely inclined towards these cryptocurrencies as an array of exchanges from the region have been listing the assets.

The crypto scene in India reeks of uncertainty. The government is yet to roll out pertinent laws concerning the industry, however, this has caused some of them to sit on the fence. On the other side, the crypto business in the country has been booming. A whole multitude of platforms focused on crypto has been flourishing in India.

This whole new swarm of Indian crypto exchanges seemed to be keen on onboarding meme coins, particularly Shiba Inu.

More recently, prominent Indian crypto platform, Koinbazar listed Shiba Inu and the coin is all set to be traded alongside the largest stablecoin, Tether [USDT]. The exchange took to Twitter to announce this. The tweet further read,

Additionally, trading of the asset was not just limited to Indian crypto traders. US residents were also allowed to trade the meme coin on this exchange. The Shiba Inu community a.k.a SHIB Army was ecstatic following this listing.

During the time of writing, Shiba Inu was trading for $0.00002946 with a dainty drop of 0.22% over the previous 24-hours. With a market cap of $16 billion, SHIB took over the 14th rank.

Shiba Inu, Saitama score big on Indian crypto exchanges

As the fervor around Shiba Inu surged, exchanges in India swiftly welcomed the altcoin. Leading Indian crypto exchanges like CoinDCX as well as Binance acquired WazirX were quick to jump only to the SHIB bandwagon.

Saitama is another meme coin that has been creating quite an uproar in the crypto market. The altcoin hasn’t yet amassed to the following of SHIB. This did not stop these exchanges from listing the coin. While Binance still hasn’t listed the altcoin, India’s Coinsbit already onboarded the asset.