Cryptocurrency traders in Latin America have more reasons to be happy now that Shiba Inu is coming to a country in the region. 

Mercado Bitcoin Brings Shiba Inu to Latin America

The largest crypto exchange in Brazil, Mercado Bitcoin, announced on Twitter that it would be listing Shiba Inu for trading starting from December 1. This offers locals the opportunity to finally trade the cryptocurrency on an exchange they are familiar with.

The Twitter announcement also had a video of the Shiba Inu dog wearing military gear. While it didn’t give any reason for the listing, it mentioned that the token has increased in value by over 18,000% this year alone. 

Apart from Shiba Inu, Mercado Bitcoin also intends to list COSMOS (ATOM), Loopring (LRC), and Polkadot ( DOT) later this week.

Mercado Bitcoin is owned by 2TM and is the largest crypto exchange in the subcontinent. The parent company recently raised $50.3 million in November after a SoftBank-led investment round in July, where it raked in $200 million.

Shiba’s Rise to the Top

Shiba Inu, called the Doge killer by its developers and avid fans, has emerged as one of the leading digital assets in recent months. At a point, it was able to dethrone Dogecoin as the number one meme coin by market cap after reaching an all-time high and breaking into the list of the top ten crypto assets by market cap.

However, its value has since dropped, and it’s now the 13th largest crypto asset by market cap, as of press time. But with over 60% of its holders in profits, the altcoin is one of the best-performing assets in 2021.

The performance of the Shiba Inu token has already led many exchanges to provide support for the token so that their users can trade it.

Apart from Binance, which was among the first crypto exchanges to list the meme coin, other exchanges like Kraken and South Korea-based Korbit are among the most recent crypto exchanges to list the coin on their platforms.

This article was originally posted on FX Empire


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