CoinDCX, a cryptocurrency exchange, has announced that the Shiba Inu (SHIB) cryptocurrency will be listed on its retail-friendly CoinDCX Go app on Friday, becoming the latest major trading platform to embrace the leading meme coin.
— CoinDCX: Making Crypto Accessible to Indians (@CoinDCX) November 11, 2021
SHIB was previously available on the platform in trade-only mode on the professional-oriented CoinDCX Pro.
CoinDCX became the first cryptocurrency company in India to achieve unicorn status in August, after raising $90 million in a funding round led by B Capital, a venture capital fund founded by Facebook co-founder Eduardo Saverin.
After reporting 3.5 million customers three months ago, it aims to onboard 50 million users.
ZebPay, the country’s oldest crypto exchange, added Shiba Inu support about a month ago.
Despite its rapid growth, India’s cryptocurrency sector is beset by regulatory uncertainty.
Shaktikanta Das, Governor of the Reserve Bank of India, reiterated his concerns about the cryptocurrency industry yesterday.
At the start of the winter session, the Indian government is expected to pass a modified cryptocurrency bill.