Shiba Inu Gains Significant Support Following Listing On Popular Philippine Crypto Exchange

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Last Updated on July 24, 2022 by Bitfinsider

After the meme coin is listed on Coins.ph, a well-known cryptocurrency exchange in the Philippines, Shiba Inu acceptance is increasing.

More than 18 million people have registered on Coins.ph, which is authorized by the Bangko Sentral ng Pilipinas (BSP). This indicates that the vast majority of users can access the dog-themed cryptocurrency anywhere in the world, not just in this region of Asia.

Shiba Inu, dubbed the “Dogecoin-killer,” will be included in the list of 20 cryptocurrencies already available.

Coins.ph, which is commonly known as one of the country’s first cryptocurrency exchanges, was founded in 2014. It had changed its emphasis from cryptocurrencies to traditional financial services.

As the first blockchain company in Asia to get a license as an Electronic Money Issuer and Virtual Currency (EMIVC) Exchange, the BSP controls Coins.ph.

Coins.ph is “the most established crypto brand in the Philippines and has garnered the trust of over 18 million users,” according to its mission statement.

Users of the user-friendly smartphone app have access to a wide range of financial services as well as the ability to buy and sell a variety of cryptocurrencies on the in-house market.

7 Million Active Monthly Users Coins.ph

Coins.ph is the first cryptocurrency-based business in Asia to have authorizations from a central bank as an electronic money issuer and a virtual currency issuer. On its website, it lists 300 “happy” staff and 7 million active monthly customers.

Shiba Inu analysts evaluated the price movement and predicted a rise to the positive target price of $0.0000140. With a $0.0000140 price objective in mind, the meme coin may recoup its losses and start a rally.

Shiba Inu is currently selling at $0.00001175, according to Coingecko statistics for Sunday, a gain of about 7.1 percent over the previous seven days.

Wei Zhou, the former chief financial officer of Binance, bought Coins.ph in early April after leaving the crypto exchange giant in May of last year for personal reasons.

Three years after the startup was bought by the Indonesian technology business for $95 million, the deal was finalized. The meme coin was supposed to debut on July 13 on the cryptocurrency exchange with Philippine headquarters, however there were some issues with the launch due to technical difficulties.

Shiba Inu, the ‘Dogecoin-Killer’ was also recently listed on Robinhood and Bitstamp

A number of significant exchanges, including the largest European cryptocurrency market, Bitstamp, and the renowned trading exchange, Robinhood, have added Shiba Inu.

SHIB, which has lost more than 85% of its value since hitting a new high in late October, continues to hold the No. 15 position with the greatest market capitalization. The token’s value grew by more than 5% over the previous day, reaching $7 billion.

A report in 2021 claims that the Philippines is one of the world’s top countries for cryptocurrency adoption. According to a survey by the Singapore-based blockchain and cryptocurrency data aggregator Triple A, there are already 4,3 million bitcoin owners in the country, or 4% of the entire population.


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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.


Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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