Many of you have been asking us to list the meme coin Shiba Inu. We heard you loud and clear. Starting today, you’ll be able to buy Shiba Inu (SHIB) on CoinSwitch.
SHIB has been one of the most talked about cryptocurrencies of 2021. Since its launch in August 2020, it has grown from ‘just another memecoin’ to a market cap of over $20 billion, making it the 13th largest Crypto in the world.
But of course most of you already know the history. We know because we’ve been hearing from you on social media and on our support channels.
So why did we take so long to list SHIB? Whenever we list a new coin, we think of our customer’s safety first. Even as we aim to give you easy access to top cryptocurrencies around the world, we want to make sure that we don’t put you in a high-risk position.
We constantly evaluate coins that we have listed to make sure they match our expectations in terms of stability and longevity. As a responsible exchange, we have built guardrails to protect our investors.
While Shiba Inu’s rise has been a great endorsement of the power and reach of Crypto, not all coins end up on the same trajectory. Some of them present very high risks. We just want to make sure that our users understand those risks.
Our approach to business has been to make Crypto accessible to every Indian, but part of our mission is also to make Crypto safer to invest in. Many of our users are still very new to the world of Crypto and we want to protect them from burning their fingers.
This brings us to our next big announcement —Say Hello to the Riskometer!
With this new feature, you will receive a warning before you invest in any crypto that we deem to be risky. We assess risk by researching the asset, its origins, use case, stability and long-term goals.
Once you have read and understood the risk warning, you can choose to reassess your decision or go ahead and buy the coin —the choice, as always, is yours!
We hope that this will help you make more informed decisions on our platform.
Convert Shiba Inu to INR directly on CoinSwitch!
Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
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