India’s Leading Crypto Exchange CoinSwitch Listed Shiba INU, On Thursday, CoinSwitch Kuber, a cryptocurrency investing software, added Shiba Inu (SHIB) to its trading platform. Users can purchase, sell, and trade the popular meme token in Indian rupees using safe investing features designed for risky assets.
CoinSwitch has listed over 80 coins in the last 18 months after thorough due research. In addition, the organization has been working on a number of methods to make crypto investing in India safer.
CoinSwitch is committed to putting investor protection first.
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The startup announced the release of ‘Riskometer,’ a tool that encourages consumers to think twice before investing in a cryptocurrency. The Riskometer issues a risk warning when coins are extremely volatile, or when the business believes users should exercise caution while investing.
The largest crypto business in India became one of the last to list this popular yet risky currency with its listing. The goal is to educate people while they make investments.
“Demand for Shiba Inu has only increased, and many of our users have requested that we include the coin on the exchange,” stated Ashish Singhal, CEO, and Founder of CoinSwitch. “As a responsible exchange, we have developed guardrails to protect our investors even as we respond to this need.”
Shiba Inu was established as a meme coin in August 2020 by a pseudonymous founder who goes by the moniker Ryoshi. The coin is based on the Ethereum blockchain and has a global community of over a million supporters.
Shiba Inu was listed on Coinbase, America’s largest cryptocurrency exchange, in September 2021. It has increased in popularity since then, and it is now the world’s 13th largest crypto asset, with a market capitalization of more than $20 billion.
Kuber, a cryptocurrency exchange, has raised $260 million in a Series C funding round.
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