CoinJar, Australia’s longest-running cryptocurrency exchange, said Wednesday that it had launched the Shiba Inu (SHIB) cryptocurrency.
Along with Shiba Inu, it now supports six other tokens: Origin Protocol (OGN), Audius (AUDIO), Cartesi (CTSI), Fetch.ai (FET), and Quant Network (QNT) (QNT).
CoinJar currently offers trading in a total of 48 coins. The exchange, which is situated in Melbourne, was founded in 2013. It now has around 400,000 registered users.
Barry Silbert’s Digital Currency Group, Sydney-based Blackbird Ventures, and Australian entrepreneur Chris Hitchen are among the exchange’s investors. CoinJar launched a Mastercard-backed cryptocurrency debit card in August that supports 30 different cryptocurrencies.
CoinJar’s subsidiary in the United Kingdom obtained registration with the Financial Conduct Authority of the United Kingdom in late September (FCA). It joined ten other cryptocurrency startups that have accomplished a similar achievement. CoinJar was just named one of Australia’s best fintech companies for 2021.
According to a recent poll, Shiba Inu is now more popular in Australia than established cryptocurrencies such as XRP and Cardano, despite just making news in May. 7% of Australian millennials are familiar with the Ethereum-based meme currency.
Shiba Inu Games, a gaming-centric business inside the meme currency ecosystem, announced a partnership with PlaySide Studios, Australia’s largest publicly listed game developer. The two will collaborate on a mobile game inspired by the “Shiboshi” collection of non-fungible tokens. CoinSpot, another significant Australian cryptocurrency exchange, introduced Shiba Inu support in May.