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.<\/p>\n
According to an announcement the Indian exchange made on social media, it has added a trading pair for Dogecoin against the Indian Rupee, India\u2019s fiat currency, and a pair of Shiba Inu against Tether\u2019s USDT, the most liquid stablecoin in the space.<\/p>\n
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.<\/p>\n
Dogecoin\u2019s 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 \u201csee how it goes.\u201d Musk is a well-known supporter of the meme-inspired cryptocurrency and has invested in it.<\/p>\n
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\u2019s first crypto unicorn, last month.<\/p>\n
In October, the meme-inspired cryptocurrency was listed on India\u2019s oldest cryptocurrency trading platform Zebpay after it \u201cinspired millions of people around the globe to finance and fund a coin with a doggo\u2019s picture on it.\u201d<\/p>\n