Shiba Inu (SHIB) is one of the two cryptocurrencies that Dubai-based Coinswapz promotes at the entrance of its office complex.
Shiba Inu (SHIB) is one of the most popular cryptocurrency projects. With a $6.3 billion market cap and more than 1.3 million holders, the project has morphed from just a memecoin to a full-blockchain ecosystem.Â
Much of Shiba Inu’s remarkable growth has come from unpaid promotions. The vast SHIB Army community takes delight in defending the project on social media platforms, thus attracting new buyers to the project.Â
At the same time, Shiba Inu is also being promoted by cryptocurrency trading platforms, which tend to capitalize on the project’s strong community. Dubai-based Coinswapz is one such platform.Â
The Shiba Inu community recently spotted the Dubai-based exchange promoting SHIB at the entrance of its office located in the famous Moon Tower complex in Marina Dubai. Visitors to the over-the-counter (OTC) trading service are greeted with a banner that notably features the Shiba Inu (SHIB) logo alongside Bitcoin.Â
The choice of coins evidently reflects the company’s willingness to buy and sell any cryptocurrency. Bitcoin is considered a pristine crypto asset, while Shiba Inu is arguably the most popular meme coin project community.Â
Coinswapz – The Leading OTC Exchange in Dubai Marina
They display only BTC and $SHIB at the entrance of the company, besides their own logo!?
This is proof that $SHIB is very popular in Dubai!?CoinSwapz | Crypto Tradinghttps://t.co/flg023ONwg
TikTokhttps://t.co/wujtohie1a pic.twitter.com/KDd1Ij910m
— KURO?SHIBARMY JPN?? (@kuro_9696_9696) December 26, 2023
Shiba Inu Popular In DubaiÂ
The decision by Coinswapz to promote Shiba Inu alongside BTC may also suggest that the former is also a popular choice among Dubai-based crypto investors. Â
One reason to arrive at such a conclusion is that, in November 2022, one of Dubai’s most exotic hotels, Dubai – The Palm, enabled payments in SHIB alongside Bitcoin (BTC) and Ether (ETH). Similarly, The Crypto Basic reported that the Dubai-based cafe, “Bake N More,” began accepting six cryptocurrencies, notably including SHIB.Â
The cryptocurrency is also available for trading in Dubai on licensed platforms like CoinMENA and Crypto.com, further underlining its popularity.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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