Crypto Exchange CoinDCX has Unveiled its Plan to List Shiba Inu Token

CoinDCX has become the fastest-growing cryptocurrency exchange based in India. This crypto exchange has proceeded to approach a huge audience by marketing in media and social media channels. All the major TV shows, channels, and social media influencers have been approached by the marketing team of CoinDCX, and they have forwarded the message and services of this new service to the citizens of India.

Therefore, the startup has been able to acquire the Unicorn status quite recently. It is worth noting that Unicorn is a status that is awarded to the startups that can acquire a valuation of over one billion dollars in a limited amount of time. The progressing cryptocurrency exchange has recently announced that it is going to list the Shiba Inu token.

CoinDCX recently posted on their official Twitter page that the popular meme cryptocurrency Shiba Inu will be listed on the platform by next week. The cryptocurrency organization marked as Unicorn has already acquired 3.5 million customers in the region. CoinDCX has set its next target to reach around 50 million users in the next year.

The Unicorn status was awarded to CoinDCX after a fundraiser organized by B Capital. B Capital is a venture capital organization founded by Facebook co-founder Eduardo Saverin. This round of funding held in August 2021 managed to raise $90 million. Before making it to the main CoinDCX exchange listing, the Shiba Inu token was only available to professional investors on CoinDCX Pro.

Other Crypto Exchanges in India have also Started to List Shiba Inu Token

Shiba Inu token has been dubbed as the ultimate Dogecoin killer by digital investors. However, other analysts have claimed that it is a risky investment opportunity due to the absence of any real use cases associated with this meme cryptocurrency. CoinDCX is not the only Indian cryptocurrency exchange that has listed the satirical canine token.

One month ago, Zebpay, which is the oldest crypto exchange platform originating from India, listed the Shiba Inu token. Meanwhile, the digital investors in the region are still living under the uncertainty of regulatory clarity by the government. Recently, the Indian government has changed its stance on a crypto blanket ban and shared plans for a better regulatory structure.