One of Singapore’s leading crypto trading platforms, Shiba Inu (SHIB) Added support for Coinhako, a Singapore-based cryptocurrency exchange, said in a statement today; announced that it now supports the Shiba Inu.
Users of the platform will now be able to transact with the so-called “Dogecoin killer” against Singapore dollars (SGD), US dollars (USD) and Vietnamese dongs (VND).
Not only that, Coinhako now also operates a wallet that allows the Shiba Inu to be stored securely.
Last week, the company managed to obtain a letter of approval in principle from Singapore’s financial regulatory authority to legally provide digital token services, becoming one of the first local cryptocurrency companies to achieve such a feat.
Speaking to Yahoo Finance Singapore, the exchange’s co-founder Yusho Liu said that the trading volume of the platform has increased by 1000 percent since the beginning of the year. In addition, the Singaporean entrepreneur said that they plan to increase the number of employees of the company to 260 next year.
Launched in 2014, Coinhako managed to make a name for itself in finance in a short time by receiving a six-figure investment from a leading venture capitalist, Tim Draper.
Draper, who has made a name for himself with his forward-looking bets on Skype, Twitch and Hotmail, is also known for being one of the early adopters of Bitcoin, predicting that the largest cryptocurrency could reach $250,000 by the end of 2022.
As previously reported by KoinFinans, Shiba Inu was also listed by Gemini, TastyWorks and many other trading platforms in November alone.