SHIB, which is listed on dozens of exchanges from Coinbase to Binance, from Crypto.com to Huobi, has now come to Bitso, one of the largest exchanges in Latin America.
Bitso, one of the most important stock exchanges in the Latin America region, which recently signed a sponsorship agreement with Sao Paulo, one of the biggest football clubs in Brazil, announced that it has listed the popular cryptocurrency Shiba Inu (SHIB).
Bitso received a $250 million investment in its Series C funding round in May 2021. Companies participating in the tour included venture capital giant Tiger Global and Coatue Management, which has $48 billion in assets under management. After this investment, the stock market reached a value of $ 2.2 billion. Bitso is also the first company in Latin America to reach a valuation of $1 billion.
There are 16 cryptocurrencies listed on Bitso, among which there are emerging cryptocurrencies of the last period such as Chainlink (LINK), Axie Infinity (AXS) and Compound (COMP). However, the absence of Dogecoin, the biggest phenomenon token, is also noteworthy.
In November, the exchange also struck a deal with Circle, the issuer of the USDC stablecoin, to enable cross-border payments between Mexico and the United States, as part of its “Bitso Shift” initiative. Bitso is also a longtime partner of San Francisco-based blockchain company Ripple.
Mercado Bitcoin, which is shown as Bitso's biggest competitor, also listed Shiba Inu in December. Also earlier this week, the Indian stock market Giottus also opened Shiba Inu trading.
Although there is a serious Shiba Inu (SHIB) frenzy among the crypto community, the biggest expectation of investors is from commission-free crypto money and stock trading company Robinhood. is stated. Listing Dogecoin last year, the company announced many times that it earned the most revenue from DOGE.