Indian crypto exchange Unocoin adds support for Dogecoin and its killer

Unocoin added support for the Dogecoin and Shiba inu coin for the Indian crypto users to trade. 

Right now crypto bill of India is under discussion on the table of the Cabinate Union department. And the insider reports and sources found that the bill is likely to give legal status to the crypto assets under tradable assets instead of the ban and there is provision to regulate India’s local crypto exchange regulation under financial regulatory body SEBI. 

With these positive news, almost all the crypto businesses of India are trying to bring new crypto offerings and planning to expand their services. 

In the latest, Indian Crypto exchange Unocoin announced the listing of two popular meme coins, namely Dogecoin and Shiba coin. 

Unocoin launched in 2013, so we can understand that how much this exchange is old. At present, this exchange owns the highest volume in the Bitcoin INR( local fiat currency of India) trade pair. However, the listing of Shiba inu and Doge is very late because these coins are now getting down in terms of popularity. 

In October of this year, Unocoin added support for Unified Payment Interface (UPI) transactions to make the Unocoin crypto users easy to make deposit fiat money.

Dogecoin surged by more than 30% 

On 14 December, Dogecoin pumped by more than 30% because of the tweet of Elon Musk. 

Tesla and SpaceX’s CEO announced that Tesla will accept Dogecoin payment for Tesla merch. 

After the announcement of Tesla CEO, the price of Dogecoin surged by more than 30% within a few hours, however, Dogecoin failed to remain attached to that price and now it is at $0.1818 with an overall 14% high price over the last 24 hours. 

Read also: Us lawmakers urges the Treasury to issue informal guidance on crypto before the end of 2021