The acceptance of the Shiba Inu currency continues to grow. Especially now that the coin is also offered on the popular Philippine crypto exchange Coins.ph.
Shiba Inu is added on Coins.ph
Coins.ph has over 18 million registered users and is approved by the Central Bank of the Philippines. This means that the Shiba Inu coins are now accessible to 18 million additional users. Shiba Inu will be added to a current roster of 20 cryptocurrencies.
Coins.ph is one of the oldest cryptocurrency exchanges in the Philippines. Founded in 2014, the exchange shifted its focus from cryptocurrencies to conventional financial services.
The easy-to-use smartphone app allows users to buy and sell a number of cryptocurrencies. In addition, they can access a list of financial services on the exchange.
7 million active monthly users
Coins.ph is the first cryptocurrency-based company in Asia to hold both electronic money issuers and virtual currency issuers licenses from a central bank. According to its website, it has 7 million active monthly users and 300 employees.
Former Binance Chief Financial Officer Wei Zhou, who left Binance for personal reasons in May last year, took over Coins.ph in early April. The transfer took place three years after the Indonesian tech company bought the startup for $95 million. The cryptocurrency exchange, headquartered in the Philippines, had previously planned to offer the meme coin. However, the debut encountered some setbacks, partly due to technical problems.
Shiba Inu coins offered on Bitstamp and Robinhood
Shiba Inu has been added to a number of other major exchanges before, including Europe’s largest cryptocurrency market, Bitstamp, and the famous Robinhood exchange. At the time of writing, the price of 1 SHIB token is around $0.00001384. The market cap of the token is around $6.3 billion.
