One of Singapore’s Largest Crypto Trading Platforms Added Support for Shiba Inu
Coinhako, a Singapore-based cryptocurrency exchange, has added support for Shiba Inu, the company announced Monday.
Its users can now exchange the so-called “Dogecoin killer” for Singapore dollar (SGD), US dollar (USD) and Vietnamese dong (VND).
Coinhako also operates a wallet, which now allows safely storing Shiba Inu.
Last week, the company succeeded in securing a letter of approval in principle from the Singapore Financial Regulator to legally provide digital token services, becoming one of the first local cryptocurrency companies to achieve such a feat.
Co-founder Yusho Liu told Yahoo Finance Singapore that trading volume on the exchange has grown 1,000% since the start of the year.
The Singaporean entrepreneur plans to increase the company’s workforce to 260 people next year.
Coinhako, which launched back in 2014, managed to put its name on the map early on by securing a six-figure investment from prominent venture capitalist Tim Draper.
Draper, who made a name for himself with premonitory bets on Skype, Twitch and Hotmail, is also known as one of the early adopters of Bitcoin who continues to predict that the largest cryptocurrency could reach $ 250,000 in by the end of 2022.
As reported by U.Today, Shiba Inu has also been listed by Gemini, Wealthsimple and other trading platforms this November.
