The platform reported that he is including SHIB to his commercial list this Wednesday.
The popular token rival of Dogecoin, Shiba Inu (SHIB), is reaching the largest cryptocurrency exchange in Brazil.
Bitcoin Market (MB), the oldest exchange of digital currencies in Brazil and one of the largest in all of Latin America by market valuation, announced this week that it would list the token SHIB on your platform. The company reported the news to its users through Twitter, indicating that the trade with Shiba Inu will be available from this Wednesday.
One of the most appreciated coins in 2021 and that accumulates an authentic army of followers. Is that! Tomorrow, $ SHIBA will be available in MB, with a track record of over 18,000% appreciation so far this year.
Uma das moedas that you will value the most in 2021 and that accumulates a true army of followers ????????
That’s right there! Amanhã, $ SHIBA It will be available no MB, with a historical value of more than 18000%, this year ago.
– Bitcoin Market (@MercadoBitcoin) November 30, 2021
The exchange suggested that the listing of the cryptocurrency comes as a result of growing demand from users. In fact, the announcement on Twitter was accompanied by a video of a Shiba Inu puppy dressed in military gear and planning a strategy. The image is a reference to the ‘SHIBArmy’ (SHIB army), a growing community on Twitter advocating for mass adoption of the token canine.
Bitcoin Market also reported that it will add support for Cosmos (ATOM), Polkadot (DOT) and Loopring (LRC) later this week. The exchange has been expanding its cryptocurrency offering in recent weeks. He recently also listed several coins related to the metaverse, including Yield Guild Games (YGG) and The Sandbox (SAND).
More exchanges add to SHIB
The listing on the giant Brazilian exchange occurs shortly after the platform Kraken, based in the United States, will add commercial support for SHIB. The exchange of digital currencies had already hinted at the beginning of the month that it would incorporate the token meme, and he finally delivered on his promise this week. The news pushed the price of Shiba Inu close to 30%.
As reported DailyBitcoin, the memecoin enjoyed a rise of 36.25% during the morning of yesterday, surpassing a price of USD $ 0.0000529. At press time, SHIB is trading at $ 0.000046 and is the 12th largest cryptocurrency by market capitalization.
The incorporation of SHIB on both exchanges is part of a larger adoption trend that has seen several major cryptocurrency exchanges add commercial support to the token amid its meteoric price surge. For instance, Gemini and Public included Shiba Inu earlier this month, while Coinbase added it in September.
The news about SHIB’s debut in Bitcoin Market arises the same day as the online electronics store Newegg announced that its users will be able to use the doggie meme cryptocurrency during this month of December to purchase their Christmas gifts.
Sources: U.Today, file
Article by Hannah Estefanía Pérez / DailyBitcoin
Unsplash image edited in Canva