Support for Dogecoin and Shiba Inu came from India, which is still unclear how it will regulate cryptocurrencies.
Unocoin, one of India’s major cryptocurrency exchanges, announced that they have listed Dogecoin and Shuba Inu.
Hey folks, #dog and #SHIB is finally live on Unocoin. #bitcoins #dogcoin #shibainu #memes #investment #cryptocurrency 1/2 pic.twitter.com/SoXPfCJMk6
— Unocoin: Buy Bitcoin & Crypto in India 🇮🇳🥇🟠📱 (@Unocoin) December 13, 2021
The exchange, referred to as India’s Coinbase, said in a statement that users can now trade Dogecoin against the Indian rupee, after stating that the two largest meme tokens DOGE and SHIB are ready to be traded.
The Shiba Inu, which is currently untradable against the Indian rupee, can be traded against Tether, which is pegged to the USD.
Shiba Inu, which has made significant progress on Indian exchanges over the past two months, was listed in early October by ZebPay, one of the country’s oldest crypto trading platforms.
Last month, CoinDCX, India’s first cryptocurrency unicorn, announced that it has integrated the Shiba Inu into its retail-focused app.
*Not investment advice.