Wednesday, May 22, 2024

Shiba Inu gets listing on Philippines crypto exchange.

Shiba Inu has gained another listing, this time on Coins.ph – a popular cryptocurrency exchange in the Philippines. The platform is approved by the Bangko Sentral ng Pilipinas (BSP) and has more than 18 million registered users. Coins.ph is said to be one of the oldest cryptocurrency exchanges in the Philippines.

The meme coin will be added to the existing 20 cryptocurrencies on the crypto market. Coins.ph, as per the company’s mission statement, is the most established crypto brand in the Philippines. It has garnered the confidence of over 18 million users. Its user-friendly app enables users to purchase and sell a number of cryptocurrencies. They can also gain a vast array of financial services on the app.

Moreover, Coins.ph is the first crypto-based platform in Asia to have both Electronic Money Issuer and Virtual Currency Issuer licenses from the central bank. Wei Zhou, the former Binance Chief Financial Officer, acquired the crypto exchange in early April. This acquisition came about three years after the Indonesian technology company bought the startup for $95 million. Coins.ph had planned to offer Shiba Inu on July 13, but there were some setbacks due to technical glitches.

Besides Coins.ph, Shiba Inu is listed on Robinhood and Bitstamp. The meme coin remains in the number 15 spot with the largest market capitalization after losing more than 85% of its value.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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