In a testament to its growing popularity, Shiba Inu has secured a new listing on Flitpay, an emerging player in the Indian cryptocurrency landscape. According to the announcement, the crypto exchange is encouraging users to take advantage of a 1% assured bonus and the opportunity to reclaim deposit fees. This move by Flitpay includes the second-largest meme coin, following the recent listing of Dogecoin [DOGE]. That said, both listings of the meme coins hold significant importance.
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It becomes especially noteworthy amid the recent crackdown by the Indian government on offshore exchanges like Binance and KuCoin, causing uncertainty and apprehension among the Indian crypto community. With a focus on compliance with anti-money laundering [AML] laws, several websites have faced blocks, and users may encounter potential limitations.
Expressing optimism about the new listing, SHIB enthusiast Lola remarked, “This is good since their country started censoring and blocking domains of many big CEX. Perhaps they can also integrate SHIBARIUM.” This positive development unfolds against the backdrop of the challenging regulatory environment for cryptocurrencies in India.
Shiba Inu’s popularity has exceeded expectations, establishing itself as a standout performer in the cryptocurrency space. It outpaced major players like Ethereum [ETH], Cardano [ADA], and Ripple-affiliated XRP to secure the second-most traded position in 2023. The meme token has gained prominence on the India-based crypto exchange WazirX, consistently ranking among the top-performing assets by trading volume, only surpassed by Bitcoin.
Shiba Inu’s Momentum Surges
This latest development follows the announcements from major cryptocurrency exchanges such as Gate.io, OKX, and EarnBIT, all confirming the listing of the SHIB token.
Furthermore, the US-based cryptocurrency trading platform Robinhood has substantially increased its Shiba Inu [SHIB] holdings. In less than 24 hours, Robinhood acquired an additional 231 billion SHIB tokens. This surge elevates the total SHIB holdings of the financial trading giant to 36.7 trillion, showcasing a remarkable increase of over 16 trillion since August 2023, as reported by Arkham Intelligence data.