Brazillian Exchange Foxbit Announces the Listing of Shiba Inu (SHIB) Along With 4 Other Crypto Assets.
Foxbit, a prominent bitcoin and crypto-assets trading platform based in Brazil, recently declared that Shiba Inu trading is live on the exchange with four other crypto assets.
A #ShibaInu veio! ? E junto com ela +4 novas opções de ativos para diversificar o seu portfólio! A gente faz tudo mesmo, né?
SHIB, GALA, FTM, LOOKS e ILV já estão disponÃveis para negociação em nossa plataforma. ? pic.twitter.com/hS0vRfjD4J
— Foxbit (@foxbit) February 16, 2022
The other four crypto assets include Gala (GALA), Fantom (FTM), LooksRare (LOOKS), and Illuvium (ILV).
Foxbit first announced about Shiba Inu listing on Feb 10, however, the exchange took her time and finally made shib trading live today.
The Foxbit exchange was launched in 2014 and is elected among the most ethical companies in Brazil. The platform is designed on three pillars i.e., agility, transparency, and security. The exchange is providing a special service to Brazil-based users, i.e., one can trade Bitcoin quickly on a 0% deposit fee against the Brazilian Real.
According to the independent consulting agency BitValor, Foxbit is the exchange with the highest liquidity in the Brazilian market.
The price data on CoinMarketCap shows that listing on Foxbit Exchange doesn’t have any significant impact on Shiba Inu’s price as it is trading almost neutral at the price of $0.00003065. However, the 24-hours trading volume for the token surges 4.59% to $1,570,842,151.59 compared to the previous trading day. Usually, the increase in volume data indicates the buyer’s interest in buying.
According to the data provided by Etherscan, the Shiba Inu token is now held by 1,176,785 (1.17M) holders.
Formerly on February 10, IZEA, a NASDAQ traded influencer marketing company, declared the acceptance of Shiba Inu (SHIB) and Dogecoin (DOGE) as a form of payment for influencer marketing campaigns along with Litecoin (LTC), Crypto.com Coin (CRO), Bitcoin (BTC), and Ethereum (ETH).
Mercado brazil also listed Shib; the exchange made it possible to trade Shiba Inu Against Brazilian Real (BRL: R$).
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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