Bitpanda, an Austrian cryptocurrency trading platform backed by PayPal co-founder Peter Thiel, announced on Thursday that it has added a euro trading pair for the Shiba Inu (SHIB) cryptocurrency.
SHIB/EUR will open on 19 November
Shiba Inu holders will be able to trade the Dogecoin competitor for SHIB/EUR on Binance, Coinbase and Bitvavo. Cryptocoin. com, in November, Coinbase Pro listed new fiat trading pairs for Shiba Inu. Now, valued at $4.1 billion, Bitpanda is adding additional pairs for the second-largest meme coin, first in early October, preceded by the cryptocurrency’s massive rally last month. Apart from crypto, the Vienna-based firm also allows its clients to invest in precious metals, stocks and exchange-traded funds (ETFs). It competes intensely with eToro and Revolut.
Rising adoption rates and falling prices
This week, Shiba Inu was also integrated by keyless cryptocurrency wallet ZenGo and payment processor CoinGate. Despite increasing adoption, the meme coin has fallen more than 8% in the last 24 hours, making it one of the laggiest among major altcoin projects. At the time of writing, Bitcoin (BTC), Ethereum (ETH) and Dogecoin (DOGE) are 8% respectively. 71, 12%. 41 and 13%. Shiba Inu (SHIB), 8%, while reaching 62-week losses. 80 days and 21%. It is trading in 11th place with 29-week declines at $0.00004386. Meanwhile, only a $2 billion market cap gap remains between AVAX and SHIB.