Bitso Announces Shiba Inu Listing But Dogecoin Remains Unnoticed!

  • Bitso welcomes Shiba Inu (SHIB) on its platform, announcing the listing on Twitter and noting that the token is competing to make its place in the top ten cryptocurrencies by market capitalization.
  • Bitso supports trading of about 16 cryptocurrencies, including Shiba Inu, but has not listed the primary meme-based cryptocurrency, Dogecoin (DOGE).
  • Bitso is Mexico’s largest cryptocurrency exchange platform that carries several partnerships, the most recent one being the three-year partnership with the Brazilian professional football club, Sao Paulo FC.

The largest cryptocurrency exchange of Mexico, Bitso, has recently revealed that Shiba Inu (SHIB), an Ethereum-based cryptocurrency, will now be available on its platform for trading. However, the exchange already started teasing the Shiba Inu listing in December 2021. The announcement was made by Bitso on Twitter, welcoming Shiba Inu on its platform, and noted that the cryptocurrency is currently working and competing to make its place among the top ten cryptocurrencies by market capitalization.

A translated version of this tweet can be read here.

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A total of 16 cryptocurrencies are supported by Bitso now, which includes Chainlink (LINK), Compound (COMP), Axie Infinity (AXS), and many more. Although, it is worth noting that the original meme-based cryptocurrency, Dogecoin (DOGE), hasn’t been listed on the platform. In May 2021, after Bitso raised $250 million in its series C funding round, it became the first cryptocurrency unicorn and reached a valuation of $2.2 billion. The platform’s Series C funding involved investors like Tiger Globe, a venture capital firm, and the $48 billion hedge fund, Coatue Management.

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Shiba Inu’s Current Statistics

The Shiba Inu (SHIB) token is currently ranked 14th by market capitalization, 15.6 billion market cap. The SHIB token had an average trading price of $0.00002866 over the past week and has an all-time high of $0.00008845. The SHIB token is currently trading at $0.00002856 after facing an uptrend of about 6.9% in the past 24 hours. Simultaneously, Dogecoin (DOGE) is currently ranked 12th by market capitalization with a market cap of $20.1 billion. The DOGE token is currently trading at $0.154 after facing an uptrend of 3.7% in the past 24 hours.

Shiba Inu & Dogecoin Adoption

Back in December 2021, some reports revealed that Robinhood Markets Inc, the brokerage platform, would be looking at Shiba Inu in early January 2022. Some of the major retailers, including Newegg Commerce Inc, have now started to accept Shiba Inu as a mode of payment. Also, AMC Entertainment Holdings Inc, the movie theater chain, revealed that it is now in a position to initiate accepting Shiba Inu and Dogecoin for online payments and tickets sale, mainly in the first quarter of 2022.

Bitso Partnerships

Around November 2021, the organization initiated Bitso Shift, in which it formed a partnership with Circle, a crypto giant, to serve cross-border payments among Mexico and the U.S. Bitso has also been a long-term partner of Ripple (XRP), a blockchain organization based in San Francisco. And the most recent partnership of Bitso took place earlier this month, where it managed to gain a three-year partnership with Sao Paulo FC, a Brazilian professional soccer club.

Source: https://www.thecoinrepublic.com/2022/01/12/bitso-announces-shiba-inu-listing-but-dogecoin-remains-unnoticed/