Major Indian cryptocurrency trading platform Unocoin has added Dogecoin ($DOGE) and Shiba Inu ($SHIB) trading pairs in a move that offers its over 1.3 million users a way to gain exposure to the meme-inspired cryptocurrencies.
According to an announcement the Indian exchange made on social media, it has added a trading pair for Dogecoin against the Indian Rupee, India’s fiat currency, and a pair of Shiba Inu against Tether’s USDT, the most liquid stablecoin in the space.
Unocoin is a trading platform founded in 2013 that is well-known for being one of the largest exchanges offering trading pairs with the Indian Rupee. In October, it added support for Unified Payment Interface (UPI) transactions, making it easier for users to deposit fiat currency onto the platform and gain exposure to cryptos.
Dogecoin’s popularity has been exploding this year, so much so Tesla CEO Elon Musk has recently announced the electric car maker is accepting DOGE payments for some merchandise to “see how it goes.” Musk is a well-known supporter of the meme-inspired cryptocurrency and has invested in it.
Shiba Inu, on the other hand, has seen its adoption grow exponentially throughout the world, including in India. As CryptoGlobe reported, it was listed on the retail-friendly platform of Indian cryptocurrency exchange 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 “inspired millions of people around the globe to finance and fund a coin with a doggo’s picture on it.”
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
Featured image via Unsplash
Source: Read Full Article