A Brazilian crypto exchange, Shiba Inu (SHIB) It will be the latest cryptocurrency trading platform to join the craze.
Foxbit, the leading Brazilian cryptocurrency exchange, announced that Dogecoin rival Shiba Inu will be listed on its platform on February 16.
Abram alas para o doguinho mais querido do universo cripto! 🐕
A gente também não esperava por isso, mas estamos assim 👉🥰
Shiba Inu está chegando na Foxbit!A partir de 16/02 você já pode negociar Shiba Inu com a gente… Ansiosos? pic.twitter.com/ZL8jFxKsTs
— Foxbit (@foxbit) February 9, 2022
The Sao Paulo-based trading platform has more than 950,000 registered customers.
Launched in 2014 and one of the oldest cryptocurrency exchanges in the Latin American region, the platform has had to contend with a number of significant challenges over the past seven years.
It was shut down for nearly three days in March 2018 after a bug that allowed an unethical user to withdraw Bitcoin holdings twice. The trading platform quickly stopped the hacking rumors at the time.
Luis Augusto Schiavon Ramos, one of the exchange’s four co-founders, also tragically died in a car accident on Christmas Day 2018. After Ramos lost control of his car, he was hit by a cargo truck.
Foxbit’s most viral story was a good, more heartwarming one. Another co-founder, Joao Canhada, made headlines after gifting his newborn daughter about $1,000 worth of Bitcoin. After the cryptocurrency hit an all-time high in November, the four-year-old’s initial investment has increased by nearly 6800 percent. Canhada explained that he views the gift as an investment in the new economy. Canhada said he sees the gift as a way to invest in the new economy.
Foxbit is not the first Brazilian cryptocurrency exchange to list the Shiba Inu. As previously reported by KoinFinans, Mercado Bitcoin, the country’s largest exchange, added support for the meme cryptocurrency in December.
Bitso, Mexico’s largest cryptocurrency exchange, also listed the Shiba Inu last month.
According to data provided by CoinMarketCap, the Shiba Inu was the second most viewed cryptocurrency (after Bitcoin) in Latin America in 2021.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.