Mercado Bitcoin, the Largest Crypto Exchange in Latin America Announces SHIB Listing

Mercado Bitcoin
Source: YouTube

After the listing on Kraken two days ago, it’s great news for Shibarmy as Shiba Inu Coin will now be listed on Mercado Bitcoin. The exchange platform broke the news on Twitter today, stating that it will list SHIB tomorrow.

Given the volumes involved and also given the type of clientele, this is a very important step critical move for SHIB and for the entire community of investors that gravitates around it.

Shib Is Now Available on the Mercado Bitcoin

Mercado Bitcoin made the official statement on the listing of Shiba Inu Coin via its Twitter account. Operations are set to start tomorrow. Shiba Inu is one of the most widely used cryptocurrencies in 2021, with a sizable following.

“One of the most appreciated coins in 2021 and which accumulates a veritable army of followers. That’s it! Tomorrow, $SHIBA will be available on MB, with a track record of over 18000% appreciation so far this year,” stated the tweet.

This announcement, however, has not circulated like the others dedicated to this type of operations and effort.  This can be attributed to the geographical position of Mercado Bitcoin on a continent where members of the Shibarmy are less than anywhere else. However, elated SHIB Fans also shared the news.

Nevertheless, the news is critical because Mercado Bitcoin is an important cryptocurrency exchange in terms of volume traded in the whole of South America. It is a continent that is always looking outward with greater conviction into the world of cryptocurrencies and investments.

About Mercado

Mercado Bitcoin is the largest crypto exchange in Latin America, with more than 3 million customers founded in 2013. It is a cryptocurrency exchange platform that allows people to trade cryptocurrency, digital assets, and other tokens. Mercado Bitcoin supports Brazilian Reals (BRL), offering BRL pairs for BTC, ETH, XRP, BCH, LTC, and USDC.

In 2019 MB launched MB Digital Assets, an asset tokenization initiative that has issued more than BRL 25 MM in asset-backed tokens. Mercado Bitcoin is one of the top 25 most reliable exchanges in the world.

Mercado Bitcoin parent company 2TM has acquired $50.3 million in new funding to extend its operations across Latin America. This is a signal that venture capitalists perceive the region as having significant development potential.

The funding round further cements 2TM’s status as a crypto unicorn after the company raised $200 million from SoftBank in July. Mercado Bitcoin was the second Latin American bitcoin exchange to reach a valuation of $1 billion at the time.

Shib Has Recorded Significant Growth in the Recent Past

Shiba Inu has registered a tremendous rise since Kraken announced its listing. It is expected to go even higher with the Mercado bitcoin listing. Shiba Inu (SHIB) rose 33 percent in one day to $0.00005097 on Tuesday morning. This is Shiba Inu’s highest level since November 19, according to CoinGecko data. After trading at $0.00005100 for a week, the token dropped to $0.00003660. Shiba Inu is currently trading at $0.00004738 with a trading volume of 48.41% in the last 24 hours.

Shiba Inu has surpassed Avalanche (AVAX) as the 11th largest cryptocurrency, having a market cap of $26.8 billion. In recent weeks, SHIB has eclipsed DOGE in terms of total market cap on CoinGecko’s overall ranking on several occasions.