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

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Fri, 8/10/2021 - 16:03
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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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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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