Shiba Inu Trading is Now Live On Top Brazilian Exchange Boasts Highest Liquidity

The canine-themed potential DOGE killer Shiba Inu(SHIB) will be listed in the Brazilian Exchange Foxbit along with four other Cryptoassets.

One of the biggest Bitcoin (BTC) and other Cryptocurrency exchanges in Brazil, Foxbit, announced that Shiba Inu(SHIB) and four other crypto assets are trading live on the exchange. The other four crypto assets which found their way into the exchange along with Shiba Inu include Gala (GALA), Fantom (FTM), LooksRare (LOOKS), and Illuvium (ILV).

Shiba Inu is now live on Foxbit

Shiba Inu’s news will be listed on Foxbit was first announced on February 10. The exchange took a week before making SHIB trading live. Foxbit was launched in 2014 and is considered one of the most conscientious companies in Brazil. It touts itself on three pillars representing agility, transparency, and security. The exchange provides exceptional services to its local Brazil-based clients, i.e., one can trade Bitcoin quickly on a 0% deposit fee against the Brazilian Real.

As per data received from the independent consulting agency BitValor, Foxbit happens to be the exchange’s highest liquidity in the Brazilian market.

However, CoinMarketCap data reveals that the listing of Shiba Inu on Foxbit did not make a significant impact on its price, and it was trading almost neutral at the cost 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.

As per data by Etherscan, the Shiba Inu token is now held by 1,176,785 (1.17M) holders. Earlier, the NASDAQ traded influencer marketing company IZEA said that Shiba Inu (SHIB) and Dogecoin (DOGE), along with Litecoin (LTC), Crypto.com Coin (CRO), Bitcoin (BTC), and Ethereum (ETH), will be accepted as payment for influencer marketing campaigns

Mercado brazil also listed Shib; the exchange made it possible to trade Shiba Inu Against Brazilian Real (BRL: R$).