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Top Indian Exchange Ranks Shiba Inu Its Most Popular Coin of 2022

WazirX, one of the fastest-growing and largest cryptocurrency exchanges in India, recently published its report on customer behavior for 2022, revealing that Shiba Inu ranks as the most popular asset among first-time buyers on the platform. The meme coin also ranks among the most traded assets on the exchange in 2022.

Shiba Inu is seeing an exponential adoption rate within the Indian cryptocurrency scene as its popularity skyrockets among Indian traders. In October, it was revealed that SHIB is the most traded token in the Indian cryptocurrency market.

At the same time, WazirX noted that Shiba Inu singlehandedly accounts for about 10% of trading activities on the platform. CoinDCX, another top Indian exchange, revealed that 5% of trades on its platform are related to SHIB.

(by Albert Brown)

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