Shiba Inu (SHIB), Polygon (MATIC) Among Most Traded Cryptocurrencies in India
Shiba Inu (SHIB) and Polygon (MATIC) have been adored by Indian traders.
ZebPay the oldest Indian cryptocurrency exchange has disclosed the fact that Shiba Inu (SHIB) and Polygon (MATIC) were among the top cryptocurrency exchanges together with Bitcoin by 2021. The Times of India report.
According to U.Today, ZebPay listed Shiba Inu just on the edge of the cryptocurrency’s huge price increase in the latter part of October.
WazirX is another popular Indian cryptocurrency trading platform listed Shiba Inu as well as rival Dogecoin as among the top traded cryptocurrency this year. In all the exchange has experienced an increase of 1,735% in volume of trades. A report released by WazirX this month revealed the fact that Bitcoin had a higher popularity among women, whereas males preferred to trade Shiba Inu.
The user base of the exchange increased by 130% in the past year, and millennials comprised the majority of users.
ZebPay Chief Executive Officer Avinash Shekhar believes that crypto is in its early stages in spite of having had a blockbuster year.
We’ve seen a significant increase of crypto-related investors this year, and the trend doesn’t seem to be slowing down.
The author also points out that governments all over the world have opened up to cryptocurrency.
This year, there is no crypto bill
The cryptocurrency community in India is in uncertainty as the government is unable to resolve the pressing problem of regulation. The highly contested cryptocurrency bill, scheduled to be introduced during the upcoming winter session of parliament but is scheduled to be re-examined next year, as per local media.
A November. 23 bulletin suggested imposing the bal the ban on ankets on all private cryptocurrency. But, NDTV announced in the beginning of December it was planning to regulate cryptocurrency instead of banning them.
With India’s population of at 1.4 billion, its growing crypto market is ripe for disruption.