Bitbns announces free trading for Shiba Inu and Dogecoin during Diwali
By Leandra Monteiro
In view of the global rally and the growing investor sentiments in regard to meme tokens such as Shiba Inu and Dogecoin, Bitbns – one of India’s leading cryptocurrency exchanges has introduced free trading (zero trading charges) in SHIB and DOGE for traders and investors on its platform.
As Bitbns offers the highest liquidity in SHIB trading in India, users can avail the best price each time one buys or sells the tokens on Bitbns. Owing to high liquidity, investors can seamlessly buy or sell tokens worth half a million dollars in less than 2% range.
Investors trading on Bitbns can deposit or withdraw their SHIB tokens seamlessly, a service not offered by any other exchange in the country. This has received traction from crypto enthusiasts, all across the country. Besides investors can deposit through their UPI app too, making the process transparent and seamless.
The exchange has also introduced additional benefits whereby investors trading in excess of INR 100,000 and depositing 10K INR can avail freebies such as a Shib t-shirt, whereas all users participating can avail airdrops worth 2.7 million INR on the platform. To scale up the excitement, the exchange has also introduced a contest whereby contests predicting the exact price pf SHIB can receive exciting rewards of up to 4000x the value of the token.
On the occasion, Gaurav Dahake, Founder & CEO, Bitbns said, “At Bitbns we closely assess risk management associated with less popular or newly launched coins, to deliberate unforeseen spikes and evade high volatility associated with them. SHIB is no longer is an unpopular crypto coin, infact Google search trends indicate that SHIB has even surpassed Flipkart during its recognized Big Diwali Sale. With Shiba Inu and Dogecoin entering the top list of global cryptocurrencies, we are extremely bullish of the potential of these tokens and want to encourage retail investors to build wealth with these cryptocurrencies.”
“Besides offering the highest liquidity, Bitbns is the only exchange in the country to offer deposits and withdrawal of Shiba Inu. With trading volumes pegged at about $600 million across platforms in India alone, the investor sentiments have been growing rapidly and we want investors to seize the opportunity and make the best of it,” he further added.
Shiba Inu (SHIB), a meme token, was developed with Dogecoin (DOGE) inspiration. With a dog as a symbol, it has inspired millions to trade in it. It has surpassed tokens like Uniswap, Luna, USD Coin, Polkadot and XRP and is now the 10th largest cryptocurrency in the world, right behind Dogecoin.