• Shiba Inu, a Dogecoin competitor, has begun trading on a cryptocurrency exchange backed by Peter Thiel

  • According to a Friday announcement, the Vienna-based digital investment platform Bitpanda has enabled support for Shiba Inu trading.

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

    Bitpanda became Austria’s first fintech unicorn after closing its $170 million Series B funding round in March.

    After raking in an additional $263 million in August, its valuation soared to more than $4 billion.

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

    According to ULTCOIN365, the Dogecoin offshoot began trading on Coinbase Pro in mid-September.

    Earlier this week, the cryptocurrency skyrocketed more than 300 percent, capturing the cryptocurrency community’s attention. The rally, however, has since died down.

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