Tesla CEO Elon Musk believes Coinbase, which will soon go public, should enable Dogecoin trading.
Coinbase, the largest U.S. exchange, should enable Dogecoin (DOGE) trading, Tesla CEO Elon Musk tweeted on March 13
Cryptocurrency exchange, which will soon go public – its value is estimated to be around $ 100 billion. Coinbase was also used by Tesla to realize the massive $ 1.5 billion purchase of Bitcoin.
Will Coinbase list Dogecoin?
The Shiba Inu-themed digital asset is the 15th largest cryptocurrency by market cap, currently traded at $ 0.056.
In early February, DOGE rose to $ 0.088 as a result of the GameStop frenzy and Musk’s frequent tweeting highlight of the joke coin.
Coinbase Wallet announced support for Dogecoin in May 2019, allowing users to easily store their tokens.
Despite the excitement surrounding the cryptocurrency, Coinbase has so far avoided allowing retail investors to trade DOGE. Still, it recently listed the likes of SushiSwap (SUSHI) and Polygon (MATIC). This, of course, doesn’t quite fit the angry community.
According to CoinMarketCap data, the DOGE / USDT pair on Binance accounts for 8.17 percent of Dogecoin’s transaction volume.