Shiba Inu will begin trading on one of Brazil's most popular crypto exchanges

The latest cryptocurrency trading platform to join the Shiba Inu craze is Foxbit.

Foxbit, a major Brazilian cryptocurrency exchange, has announced that Shiba Inu, a Dogecoin competitor, will be listed on February 16.

Over 950,000 people have signed up for the Sao Paulo-based trading site.

It is one of the oldest cryptocurrency exchanges in Latin America, having been founded in 2014. Over the last seven years, the exchange has faced a number of severe obstacles.

It was offline for over three days in March 2018 when a flaw allowed an unscrupulous user to withdraw their Bitcoin holdings twice. Back then, the trading site promptly debunked hacking accusations.

On Christmas Day 2018, one of the exchange's four co-founders, Luis Augusto Schiavon Ramos, tragically perished in a traffic accident. After losing control of his vehicle, he was struck by a cargo truck.

Foxbit's most popular story was a happy one. Another co-founder, Joao Canhada, made news when he gave his newborn daughter a Bitcoin when it was worth around $1,000.

After the memecoin reached a new all-time high in November, his four-year-old child was up about 6,800% on the initial investment. Canhada explained that the donation was a method for him to invest in the new economy.

Shiba Inu was listed on Bitso, Mexico's main cryptocurrency market, last month.

Shiba Inu was the second most popular cryptocurrency in Latin America in 2021, according to CoinMarketCap data.