Foxbit Is the Latest Cryptocurrency Trading Platform to Join the Shiba Inu Frenzy
Major Brazilian Cryptocurrency Exchange Foxbit has announced That Dogecoin rival Shiba Inu will be listed on 16 February.
The So Paulo based trading platform has over 950,000 registered clients.
Launched back in 2014, it is one of the oldest cryptocurrency exchanges in the Latin American region. The exchange has faced some significant challenges over the past seven years.
In March 2018, it went down for almost three days when a bug allowed an unscrupulous user to withdraw their bitcoin holdings twice. The trading platform immediately shut down the hacking rumours.
Luis Augusto Schiavone Ramos, one of the four co-founders of the exchange, tragically died in a car accident on Christmas Day 2018. He was hit by a cargo truck after losing control of his car.
Foxbit’s most viral story was an enjoyable one. Another co-founder Joao Canhada made headlines after gifting bitcoin to his newborn daughter when it was worth around $1,000. His four-year-old’s initial investment was up nearly 6,800% after the cryptocurrency hit a new all-time high in November. Canhada said he sees this gift as a way to invest in the new economy.Foxbit is not the first Brazilian cryptocurrency exchange to list the Shiba Inu. The country’s largest exchange, Mercado Bitcoin, added support for the meme cryptocurrency in December, as U.Today reported.
Mexico’s top cryptocurrency exchange Bitso listed the Shiba Inu last month.
According to data provided by CoinMarketCap, the Shiba Inu was the second most viewed cryptocurrency in Latin America in 2021 (after bitcoin only).