Shiba Inu (SHIB), a renowned meme coin and competitor to Dogecoin, has made a strong foothold in India despite regulatory challenges related to cryptocurrencies. It emerged as the most traded cryptocurrency on WazirX, an Indian cryptocurrency trading platform. Additionally, the SHIB team has expressed optimism regarding the same.
In a recent post on X, the Shiba Inu team expressed gratitude for the steadfast support of the SHIBArmy, which led them to achieve this remarkable feat in India. Quoting a post from WazirX, where it was stated that SHIB surpassed Bitcoin (BTC) as the most traded cryptocurrency in March, the Shiba Inu team wrote, “SHIB was one of the top cryptocurrencies on WazirXIndia in March!”
To highlight the support of SHIBArmy, the team wrote: “The Shib army is growing strong in India. At the same time, Bitcoin took second place on WazirX’s list of the most traded cryptocurrencies. Other popular digital currencies also entered the scene. Additionally, Pepe Coin (PEPE) secured third place, followed by Floki Inu (FLOKI) and Dogecoin (DOGE).”
Development marks a key milestone for SHIB and the entire meme cryptocurrency community due to regulatory scrutiny in India. Furthermore, Shiba Inu’s popularity on WazirX is also a result of campaigns on foreign exchange trading platforms, paving the way for the success of local players.
