Shiba Inu (SHIB), the second most popular meme cryptocurrency, has been listed by Bitcoin.com.au, according to an announcement on Monday.
Shiba Inu (SHIB), the second most popular meme cryptocurrency, has been listed by Bitcoin.com.au, according to an announcement on Monday.
The exchange, which serves approximately 300,000 clients across Australia, was established in 2014. This makes it one of the oldest digital asset trading platforms in the country.
The exchange offers Bitcoin, as well as a large number of different cryptocurrencies, including Aave (AAVE), Basic Attention Token (BAT), Bitcoin Cash (BCH), Compound (COMP), Dai (DAI), Dogecoin (DOGE).
Bitcoin.com.au is far from the first Australian cryptocurrency exchange to list SHIB. As reported by U.TodayCoinJar, the country’s oldest digital asset exchange, added support for the meme coin in December 2021.
A survey, which was conducted at the height of the previous bull market, showed that Shiba Inu was actually more popular in Australia than such established cryptocurrencies as XRP and Cardano.
According data Provided by CoinGecko, the token is currently trading at $0.00002962 on major spot exchanges.
Crypto Regulations in Australia
In late 2023, the Australian government proposed stricter regulations for cryptocurrency trading platforms, requiring them to obtain licenses from the local financial services regulator, ASIC.
The proposed rules are supposed to protect consumers and prevent the collapse of digital asset platforms by increasing oversight and establishing minimum standards.
Senator Andrew Bragg criticized the Labor government for delaying cryptocurrency regulation. However, his bill has been rejected due to lack of details, international alignment and potential adverse effects on the industry.
