This will allow thousands of VALR users able to buy and sell Shiba Inu using South African Rand
Lists of Shiba Inu in South Africa VALR crypto exchange like a ZAR trading pair. This will allow thousands of VALR users to buy and sell Shiba Inus using the South African Rand. SHIB thus joins BTC, ETH, XRP, SOL and BNB as trading pairs with ZAR, allowing users to trade SHIB directly with ZAR.
VALR, which launched in 2019, boasts over 250,000 retail customers, most of whom are located in South Africa, as well as 500 institutional clients. In March, VALR announced its Series B equity funding round led by Pantera Capital, with participation from Alameda Research, Coinbase and others, raising $50 million. VALR hopes to expand into more countries in Africa, as well as into other emerging markets such as India using the funding.
A recent post from the Official Shiba Inu Blog, ”Fetching New Grounds! A Growth Breed Report,” shared the progress of the SHIB project so far over the past year. The report states that SHIB has been listed on over 100 crypto exchanges including Coinbase, Binance, Kucoin, Huobi, Voyager , Crypto.com and Kraken.
Shiba Inu was one of the biggest gainers on crypto markets on Tuesday, as Robinhood added the meme coin to its list of crypto offerings.
Shiba Inu Profitability Soars
According to data from IntoTheBlock, the profitability of the second-largest meme cryptocurrency, Shiba Inu (SHIB), rose to 43% after dropping to 36% earlier. Shiba Inu is currently trading at $0.00002643 after hitting highs of $0.00003 on April 12.
Per IntoTheBlock data, Shiba Inu whales have been on their toes in the previous 24 hours, with a 508% increase in large transactions. Large transaction spikes are frequently associated with increased activity from institutional players, or whales, who are either buying or selling. These transactions exceed $100,000 moved, according to IntoTheBlock.
