Shiba Inu Price - SHIB/NZD : $0.00004306
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What is Shiba Inu (SHIB)?
Shiba Inu (SHIB) is a cryptocurrency token launched in August 2020 on the Ethereum blockchain, inspired by the meme culture surrounding the Shiba Inu dog breed. With its playful branding and community-driven ethos, SHIB quickly gained popularity in the cryptocurrency space. While initially serving as a social tipping token, it has expanded its utility to include decentralised finance (DeFi) features like decentralised exchanges and yield farming. Despite its speculative nature, SHIB remains a favourite among traders and enthusiasts for its vibrant community and meme-centric appeal.
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How we treat client assets
No commingling of customer funds: we keep client assets completely separate from our own.
1:1 reserves
We maintain a full 1:1 reserve of all client fiat and crypto assets.
We hold the vast majority of crypto assets in secure offline cold storage, protected in underground vaults with maximum security.
Audited
Our books are balanced and we carry no debt on our balance sheet. We engage external auditors to undertake an annual audit of our financial statements in accordance with Australian Accounting Standards. This includes verification of all fiat and crypto balances held in custody on behalf of clients.
Segregated funds
We do not commingle customer funds. We maintain complete segregation of all client assets to ensure that when you need to make a withdrawal you can.
We keep your assets safe. That is our promise.
Sole custodian
Independent Reserve is the sole custodian of all crypto assets held on our platform. Custody is managed in Australia and we do not use any third party custodians.
We adhere to industry best practices and never lend, trade or reinvest your assets.