Tuesday, December 6

Coins.ph, The First Cryptocurrency Exchange In Asia To Hold Both Virtual Currency and Electronic Money Issuer Licenses From A Central Bank Now Lists Shiba Inu

The popularity of the second-largest meme coin has not come down at all rather it is increasing. Various platforms are having eyes on the meme coin and over the past few weeks, the meme coin has gotten a lot of support from crypto exchanges and companies.

A couple of days ago, Shiba Inu has gotten a record-breaking milestone as its holders now hit over 1.2 million as stated by the data from whalestat. According to the same source, it was previously reported that the Shiba was ahead of every other altcoin among the top Ethereum whales after ETH, with an average amount held of over $563 million and an average quantity held of over 49.4 trillion

Coin.ph, The First Crypto exchange in Asia Listed Shiba Inu

Recently, Coins.ph, one of the oldest cryptocurrency exchanges listed Shiba Inu on its platform. it is a popular cryptocurrency exchange in the Philippines.

Read Also: Utel University Now Accepts Shiba Inu And Few Other Cryptocurrencies As Mode Of Payment Through The Alliance With Bitso And BitPay.

Read Also: Ethereum CEO, Buterin Vitalik Suggested solving Efficient Issues With How Memory Consumption Is Limited On The EVM In Order To Adjust Memory Gas Costs

It has a verified user of over 18 million and was approved by Bangko Sentral ng Pilipinas (BSP) which implies that the partnership which gives Shiba inu access to this large number of users is not only in this part of Asia but all over the world.

Facts About Coin.ph

Coins.ph was founded in 2014, the exchange has changed of focus from cryptocurrencies to mainstream financial services. As stated earlier the crypto exchange has over 18 million verified users, 7 million monthly active users, and over 300 happy employees.

Coins.ph is the first ever crypto-based company in Asia to hold both Virtual Currency and Electronic Money Issuer licenses from a central bank.

It is regulated by the BSP as the first blockchain company in Asia to be licensed as an Electronic Money Issuer and Virtual Currency Exchange (EMIVC). As stated in the coin.ph’s mission statement is “the most established cryptocurrency brand in the Philippines and has earned the trust of over 18 million users.”

Presently, it has come up with a user-friendly smartphone app that allows users to transact several cryptocurrencies and more also it has gained access to a quiet number of financial services on the local exchange.

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