Shiba Inu launched with a Riskometer on CoinSwitch

Shiba Inu has been launched with a Riskometer on the CoinSwitch Kuber app. Let’s find out more about this.

Introduction

The most popular Crypto Trading app of India CoinSwitch Kuber has officially listed Shiba Inu on its platform. From now on, users of CoinSwitch Kuber can buy and sell this token for Indian currency.

The company has had quite a successful run in India. Recently, CoinSwitch announced that it will allow the trading of 5 more tokens putting up the number of Cryptocurrencies that can be traded to 80. Additionally, the company has been working tirelessly to provide safe Crypto Trading in India.

With this vision in mind, to keep consumers safe, the company has introduced a new feature on their app. This feature is the Riskometer. This Riskometer will inform the user that the Cryptocurrency token they’re about to invest in is highly volatile. The Riskometer will also inform the user if the company feels that the token is unsafe and should be purchased with caution.

Last but not the least

Surprisingly, the largest crypto company in India is one of the last companies to list Shiba Inu on their platform. But, taking their comments on the safety of the consumer, this delay is justified. Their idea is to educate the users as they invest in these highly volatile Cryptocurrencies.

The CEO of CoinSwtich Kuber gave his views on Shiba Inu’s inclusion in the list. He said that “The demand for Shiba Inu has only grown and many of our users have been asking us to list the coin on the exchange.” He further that “Even as we cater to this demand, as a responsible exchange, we have built guardrails to protect our investors.”

Shiba Inu’s popularity

Shiba Inu has seen phenomenon heights in 2021. The “Dogecoin killer’s” popularity has exploded in past couple of months. With widespread adoption and shoutouts from famous personalities, Shiba Inu is going strong. The coin now has a market cap of over $20 billion making it the 13th largest Cryptocurrency as of now.

US’s largest Crypto exchange, Coinbase listed Shiba Inu in September 2021, and since then many other exchanges have welcomed Shiba Inu to their platforms.

Conclusion

Shiba inu has been launched with a Riskometer on the CoinSwitch Kuber application. This is certainly late for the company but, for progress it’s never to late. Undoubtedly, this will help with the widespread adoption of Cryptocurrencies in the World as well as in India.

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