• Tim Draper-Backed Crypto Exchange Lists Dogecoin Killer Shiba Inu

  • Coinhako, a Singapore-based cryptocurrency exchange, announced Monday that it now supports Shiba Inu. Its users can now exchange the so-called “Dogecoin killer” for Singapore dollars (SGD), US dollars (USD), and Vietnamese dongs (VND). Coinhako also runs a wallet, which now allows for the safe storage of Shiba Inu. Last week, the company received an in-principle approval letter from Singapore’s financial regulatory authority, allowing it to legally provide digital token services, making it one of the first local cryptocurrency companies to do so. Yusho Liu, co-founder of the exchange, said that trading volume has increased 1,000% since the beginning of the year.

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