Indian crypto exchange Giottus has become the latest Indian crypto exchange to embrace the meme coin Shiba Inu. Indian cryptocurrency exchange Giottus has opened a position for the Shiba Inu (SHIB), according to a statement on Tuesday. Detail Cryptocoin. com
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Shiba Inu 2 listed on Indian stock exchange
In mid-December, the exchange also listed another meme cryptocurrency, Floki Inu (FLOKI). The exchange was launched in 2018 by entrepreneurs Vikram Subburaj and Arjun Vijay. It got off to a rough start right after the Reserve Bank of India (RBI) notoriously ordered financial institutions to cut ties with companies and individuals dealing with cryptocurrencies. Giottus was originally supposed to launch as a regular spot exchange, but the ban initially thwarted the plan. Later, the company had to start operating as a peer-to-peer exchange.
Giottus managed to record significant growth in transaction volume and monthly postings after regaining banking support. The Chennai-based exchange reached a trading volume of $207 million in the last 24 hours. Prior to Giottus, Shiba Inu was listed by major Indian exchanges such as Unocoin, ZebPay and CoinDCX. One of the Indian crypto exchanges that recently listed the Shiba Inu was Koinbazar. Koinbazar’s main area of expertise is allowing US entrepreneurs to trade on its platform. The exchange has been operating since 2020 and is ranked 154th in the ranking made by Coinmarketcap.
Shiba Inu (SHIB) and Polygon (MATIC) were among the most traded altcoins on Indian exchanges in 2021. The two cryptocurrencies are currently head to head in terms of market cap. SHIB recently fell below MATIC and currently ranks 14th with a market cap of $14.9 billion.