Brazil’s Top Crypto Exchange Announces Shiba Inu Listing

Shiba Inu news

Brazil’s leading crypto exchange app Foxbit announced it’s all set to list Shiba Inu on their trading platform. Foxbit also called SHIB, the ”sweetest doggo in the crypto universe.” The Sao Paulo-headquartered trading platform boasts of close to 1 million active users.

The platform will open trading for Shiba Inu on February 16, 2022, and users can buy, sell and transact the meme token. The listing will open the floodgates of new users into SHIB and could make its trading volume spike upwards.

”Make way for the sweetest doggo in the crypto universe! We didn’t expect this either, but we are like this. Shiba Inu is coming to Foxbit! As of 02/16, you can trade Shiba Inu with us. Are you excited?” tweeted Foxbit.

Foxbit was launched in 2014 and is one of the oldest cryptocurrency exchanges in the Latin American region. Brazil and South America have a large base of SHIB investors along with India and the rest of Asia.

South America’s crypto exchanges are on a Shiba Inu listing spree. Bitso, a trading platform based in Mexico listed SHIB last month and has users spread across Argentina as well. Back in December 2021, Brazil’s Mercado Bitcoin had also listed SHIB onboard

In addition, top trading platforms around the world have listed Shiba Inu to meet the demand of their investors and are enjoying the larger share of the revenue pie the meme-token brings to the table. Also, in January 2022 alone, five different exchanges across the globe listed SHIB on their platform.

Apart from listings, many other retailers have come forward accepting SHIB as legal payment on their check-out pages. NOWPayments recently tweeted that retailers accepting SHIB can boost their business prospects and bring in additional revenue.

Shiba Inu : Upcoming Releases

SHIB has a lot of developments in 2022 and will be launched phase-wise. The first to be released is Shibarium and the team confirmed that the private testnet has gone live.

However, the public testnet will be “out soon” revealed the lead developer of ShibaSwap, Shytoshi Kusama.

The team also announced Shiba Inu properties for sale in the Shiberse Metaverse. However, a tentative release date for purchasing land in the Shiberse is yet to be out. Moreover, Leash holders will be given first priority to bid lands and the auction will later be opened to the others.

At press time, Shiba Inu was trading at $0.0000306 and is up +24.33% in the 24-hours day trade.

Credit : LINK



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