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🎓 Leading platform in the Middle East plans to include Shiba Inu

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Rain, the first platform authorized in the Middle East by the Central Bank of Bahrain, has announced that it is considering listing the Shiba Inu token on its platform.

A spokesperson for Ren stated: “Shiba Inu has been listed on our platform. However, it is not yet a tradable currency, and our team is working to activate it for trading, and confirmed that there is no specific time frame for when trading will be open for Chiba.”

As for the Rain platform, the “Rain Financial” platform was founded in 2017 by the Saudi “Abdullah Al-Muaiqel”, the Egyptian “Yahya Badawi” and the Americans “A JJ Nelson” and “Joseph Delago”.

The platform has raised around $2.5 million, led by BitMEX Ventures, BitMEX’s investment arm, as well as Kuwait-based Blockwater Fund.

In 2021, the platform completed its $6 million Series 1 funding round, attracting capital from MEVP Capital and other investors.

The Bahrain-based cryptocurrency platform has over 185,000 active users, has now processed almost $2 billion in transactions, and also provides custody services in addition to operating a cryptocurrency platform.

Despite the news of the Chiba Inu adoption, the price of the coin has fallen by 2.61% in the last 24 hours and is currently ranked 15th in terms of market cap.

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