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Dogecoin (DOGE/USD) and Shiba Inu (SHIB/USD) have been the two largest memecoins in the crypto industry, and while DOGE is years and years older than SHIB, the younger coin’s popularity skyrocketed and it quickly became the older coin’s rival. Some even say that SHIB might be the DOGE killer, although that remains to be seen.

For the time being, the two are relatively evenly matched, which is confirmed by the fact that both recently got listed on the Indian exchange Unocoin, according to the company’s Monday announcement.

Hey folks, #doge and #SHIB is finally live on Unocoin. #bitcoin #dogecoin #shibainu #memes #investment #cryptocurrency 1/2 pic.twitter.com/SoXPfCJMk6

With the listing, Unocoin users can now trade DOGE against the Indian rupee. SHIB, on the other hand, did not get a fiat pair at this time. Interested traders can buy it in exchange for Tether, however, which is a go-to stablecoin for the majority of the crypto industry.

Being the largest crypto exchange in India, Unocoin — which was founded all the way back in 2013 — has grown to become something of an Indian Coinbase. Only two months ago, in October 2021, it added support for UPI (Unified Payment Interface) transactions, which allowed users to deposit fiat currency to the platform much faster than ever before.

While SHIB isn’t paired against any fiat currency on the platform, it is undeniable that the coin has been making a lot of progress on Indian exchanges, especially since October. The coin saw a massive rally two months ago, just after it was listed by ZebPay. It was also integrated in November by India’s first crypto unicorn, CoinDCX.

With that said, the country’s about to release its crypto bill to the public, provided that it gets greenlit by the union cabinet. While it was initially believed that all private coins would be banned by the bill, it appears that, in reality, the bill might simply try to regulate the nascent asset class, rather than prohibiting it. Those who try to flout the rules will still see strict penalties, however, with the fines going up to $2.63 million, or 200 million INR. Other than that, those who break the rules may also end up facing up to one and a half years of jail time.

The post Dogecoin and Shiba Inu go live on the Indian exchange Unocoin appeared first on Invezz.

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