CoinSwitch launches memecoin Shiba Inu on its platform with riskometer
Crypto investing app CoinSwitch Kuber on Thursday announced that it has listed popular memecoin Shiba Inu (SHIB) on its trading platform. The company also launched a feature called riskometer, which informs users about the degree of risk associated with investing in a particular coin.
In the past 18 months, CoinSwitch, which is the largest crypto company in India with over 14 million users, has listed over 80 coins.
“The demand for Shiba Inu has only grown and many of our users have been asking us to list the coin on the exchange. Even as we cater to this demand, as a responsible exchange, we have built guardrails to protect our investors," said Ashish Singhal, chief executive officer and founder of CoinSwitch.
Shiba Inu coin is based on a
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