Main Indian cryptocurrency buying and selling platform Unocoin has added Dogecoin ($DOGE) and Shiba Inu ($SHIB) buying and selling pairs in a transfer that gives its over 1.3 million customers a technique to acquire publicity to the meme-inspired cryptocurrencies.
In accordance with an announcement the Indian change made on social media, it has added a buying and selling pair for Dogecoin in opposition to the Indian Rupee, India’s fiat forex, and a pair of Shiba Inu in opposition to Tether’s USDT, essentially the most liquid stablecoin within the area.
Unocoin is a buying and selling platform based in 2013 that’s well-known for being one of many largest exchanges providing buying and selling pairs with the Indian Rupee. In October, it added support for Unified Payment Interface (UPI) transactions, making it simpler for customers to deposit fiat forex onto the platform and acquire publicity to cryptos.
Dogecoin’s recognition has been exploding this yr, a lot so Tesla CEO Elon Musk has just lately introduced the electrical automotive maker is accepting DOGE funds for some merchandise to “see the way it goes.” Musk is a well known supporter of the meme-inspired cryptocurrency and has invested in it.
Shiba Inu, alternatively, has seen its adoption develop exponentially all through the world, together with in India. As CryptoGlobe reported, it was listed on the retail-friendly platform of Indian cryptocurrency change CoinDCX, India’s first crypto unicorn, last month.
In October, the meme-inspired cryptocurrency was listed on India’s oldest cryptocurrency trading platform Zebpay after it “impressed tens of millions of individuals across the globe to finance and fund a coin with a doggo’s image on it.”
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The views and opinions expressed by the writer, or any folks talked about on this article, are for informational functions solely, and they don’t represent monetary, funding, or different recommendation. Investing in or buying and selling cryptoassets comes with a threat of economic loss.
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