India’s oldest cryptocurrency exchange with over four million ZebPay customers has added support for the Shiba Inu meme.
#Shiba Inu has inspired millions of people around the globe to finance & fund a coin with a doggo’s picture on it.
— ZebPay (@zebpay) October 13, 2021
Last week, rival Dogecoin began trading on the Austrian fintech platform Bitpanda, which is funded by venture capital firm PayPal co-founder Peter Thiel.
A few weeks earlier, a cryptocurrency inspired by the Shiba Inu breed of dogs also appeared on the Coinbase Pro crypto exchange.
Binance, which added SHIB back in May, remains the largest market for cryptocurrency as it handles over 27% of its trading volume.
In an interview with The Economic Times back in March this year, ZepPay CEO Rahul Pagidipati said that the Indian cryptocurrency market has great potential in terms of cryptocurrency proliferation:
India owns less than 1% of the world’s cryptocurrencies, while the potential investor base is 100 million.
Despite the fact that the future of cryptocurrencies in India is dim due to regulatory uncertainty, Pagidipati is convinced that India will not agree to ban cryptocurrencies, as it is already a large new asset class.
A Morning Consult poll found that 86% of Indians trust cryptocurrencies, despite the government’s negative attitude.
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