Major India Exchange CoinDCX Lists Shiba Inu (SHIB) on Retail App

Major India Exchange CoinDCX Lists Shiba Inu (SHIB) on Retail App

CoinDCX, one of India’s leading cryptocurrency exchanges, has listed the popular meme coin Shiba Inu (SHIB) on its retail-oriented application.

  • Despite the country’s questionable regulatory stance on cryptocurrencies, Indian investors generate millions of dollars worth of daily trading volume on various exchanges.
  • One of the leading trading venues is CoinDCX, and it recently announced that they are listing Shiba Inu (SHIB) on their retail-oriented CoinDCX application.
  • The reason behind the decision appears to be the considerable demand.
  • It’s no wonder that CoinDCX becomes the latest exchange to open up SHIB trading to the retail masses as investors have shown a massive appetite for the cryptocurrency.
  • Shiba Inu briefly became one of the most traded crypto assets a couple of weeks back when its price reached yet another all-time high.
  • Many have speculated that Robinhood – the popular retail trading app in the US – will also be listing SHIB.
  • However, the company’s CEO, despite applauding its devoted community, failed to provide any information on the matter as of late.
  • Source