Shiba Inu is listed as a ZAR (South African Rand) trading pair on the South African crypto platform VALR. Thousands of VALR users would be able to buy and trade Shiba Inu in South African Rand. SHIB Inu, therefore, joins BTC, ETH, SOL, XRP, and BNB as ZAR exchange pairs, letting traders exchange SHIB directly for ZAR.
South African crypto exchange VLAR
VALR has approximately 250,000 retail customers, the majority of which are in South Africa, as well as 500 corporate customers since its debut in 2019. VALR reported in March that it had raised USD 50 million in a Series B equity fundraising round headed by Pantera Capital, with participation from Alameda Research, Coinbase, and others. VALR plans to use the funds to grow into other African nations as well as other rising markets like India.
SHIBA Inu token
Shiba Inu has been listed on over 100 crypto exchanges, including Coinbase, Binance, Huobi, Kucoin, Voyager, Crypto.com, and Kraken.
Shiba Inu was one of the top gainers on the crypto markets on Tuesday, thanks to Robinhood’s addition of the meme currency to its crypto portfolio. Shiba Inu (SHIB), the second-largest meme coin, has boosted its profitability to 43 percent, from earlier 36 percent.
Shiba Inu whales have been on their toes in the last 24 hours, with a 508 percent spike in major transactions. Large transaction spikes are frequently associated with increased activity of professional buyers and sellers, called whales.