The recent inclusion of the Shiba Inu cryptocurrency on Coins.ph, a leading cryptocurrency exchange in the Philippines, has increased its popularity.
Coins.ph is authorized by the Philippines’ Central Bank, the Bangko Sentral ng Pilipinas, and has more than 18 million users (BSP). This suggests that the dog-themed cryptocurrency is accessible to a large number of users not just in this part of Asia, but also globally.
Shiba Inu, often referred to as the “Dogecoin-killer,” will soon join the other 20 cryptocurrencies currently traded on the cryptocurrency market.
Coins.ph is one of the most established virtual currency exchanges in the Philippines. After its establishment in 2014, the exchange immediately shifted its focus away from cryptocurrencies and toward more conventional financial services.
Shiba Inu continues to grow as it had recently been listed on several major exchanges, including Europe’s largest cryptocurrency exchange, Bitstamp, and the renowned trading exchange, Robinhood.
$SHIB remains in the No. 15 spot with the largest market capitalization after losing more than 85 percent of its value since setting a new high in late October.
Coins.ph is the first blockchain startup in Asia to be licensed by the BSP as an e-money issuer and virtual currency exchange (EMIVC).
The user-friendly smartphone mobile app allows users to buy and sell a range of cryptocurrencies and access a wide range of financial services in the local market.