Shiba Inu (SHIB) Goes Live On Bitso, the Leading Crypto Exchange in Latin America

Shiba Inu (SHIB), the hottest meme token built on the Ethereum blockchain, is now available for users to trade on Bitso, the largest cryptocurrency exchange in Mexico.

Back in December 2021, the leading crypto exchange in Latin America hinted at the possibility of listing Shiba Inu (SHIB) on its trading platform.

The new development was announced a couple of hours ago via the official Twitter handle of Bitso exchange.

Bitso tweeted, “Welcome Shiba Inu ($ SHIB) @Bitso! Is the token with the name of the Japanese dog breed that was launched in August 2020 and competes for a place among the top 10 of the cryptos with the highest market cap…”

Overall, Bitso now supports trading for 16 cryptocurrencies, which include Compound (COMP), Axie Infinity (AXS), Chainlink (LINK), among others. Dogecoin (DOGE), the original meme cryptocurrency, is notably missing from the lineup.

Bitso became the first cryptocurrency unicorn in May 2021 after raising $250 million during its Series C funding round from such investors as venture capital firm Tiger Global and $48 billion hedge fund Coatue Management. It reached a valuation of $2.2 billion.

In November, the company collaborated with crypto giant Circle to enable cross-border payments between Mexico and the United States as part of its Bitso Shift initiative. Bitso has also been a longtime partner of Ripple, the US-based cross-border payment company.

Earlier this month, the Latin American crypto unicorn scored a 3-year partnership with Brazilian professional football (soccer) club Sao Paulo FC.

In early December, Mercado Bitcoin, the largest exchange in Brazil, added support for Shiba Inu (SHIB). Earlier this week, the cryptocurrency was also added by the Indian cryptocurrency exchange Giottus.

On 10th January, Euler Finance, a noncustodial protocol on the Ethereum network, which allows users to lend and borrow crypto assets, announced the activation of Shiba Inu (SHIB) on its protocol. This implies that the crypto is now available for trading on a slew of global exchanges such as Binance, Coinbase, Gemini, and others.

Bitstamp, Europe’s premier cryptocurrency exchange, recently confirmed that it still intended to list SHIB in early 2022.

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Tobi Loba

Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.