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Dogecoin Rival Shiba Inu Starts Trading on Peter Thiel-Backed Cryptocurrency Exchange

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Fri, 10/08/2021 - 16:03
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Alex Dovbnya
Shiba Inu is gaining more traction with exchanges after its explosive run-up
Dogecoin Rival Shiba Inu Starts Trading on Peter Thiel-Backed Cryptocurrency Exchange
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Vienna-based digital investment platform Bitpanda has enabled support for Shiba Inu trading, according to a Friday announcement.

It has also announced a trading competition for SHIB fans with a prize pool of 10,000 euros.

After wrapping up its $170 million Series B funding round in March, Bitpanda became Austria's first fintech unicorn.

Its valuation then swelled to over $4 billion after raking in an additional $263 million in August.

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Both funding rounds were led by Valar Ventures, a New York-based venture capital firm co-founded by billionaire Peter Thiel.

As reported by U.Today, the Dogecoin offshoot also started trading on Coinbase Pro in mid-September.

Earlier this week, the cryptocurrency skyrocketed more than 300%, captivating the attention of the cryptocurrency community. However, the rally has since cooled off.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.