June 2, 2021 / news

Coinbase To Launch Trading Of Elon Musk’s Favorite Cryptocurrency – Dogecoin


Against the background of the news release, DOGE showed growth.

The team of the popular cryptocurrency exchange Coinbase PRO allowed users to deposit Dogecoin cryptocurrency. Trading in digital assets will be launched in a day according to the blog.

  • Recall that for the first time it became known about plans for listing a cryptocurrency on the exchange in mid-May 2021. At the same time, representatives of the trading platform spoke about their intention to consider launching trading in other popular digital assets.
  • The functionality for replenishing Coinbase deposits with a cryptocurrency meme appeared on the platform on June 1. In case there is enough liquidity on the platform, the developers plan to launch Dogecoin trades on June 3.
  • For a digital asset, several trading pairs will be formed on the exchange: DOGE-USD, DOGE-BTC, DOGE-EUR, DOGE-GBP and DOGE-USDT.
  • Against the background of the publication of the news, the rate of the crypto-currency-meme went up. Over the course of the day, Dogecoin, according to the CoinMarketCap resource, has risen in price by 14.79%.

Recall that many members of the crypto community consider Dogecoin to be the favorite cryptocurrency of Tesla founder Elon Musk. The fact is that the developer has repeatedly mentioned the asset in his microblog. Recently, information appeared on the network that another company Elon Musk – SpaceX – agreed to launch the first fully paid Dogecoin satellite.

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