Coinbase Adds DogeCoin Trading (DOGE) in All Supported Regions, Available for Android, iOS
As of today (June 3, 2021), Coinbase (NASDAQ: COIN) announced that it will support Dogecoin (DOGE) on Coinbase.com and in the Coinbase Android and iOS apps.
Coinbase customers can now buy, sell, convert, send, receive or store DOGE in “any region supported by Coinbase,” the digital asset firm noted while adding that DOGE trading is “also supported. charge on Coinbase Pro â.
As Noted by the company which recently went public, Dogecoin (DOGE) was developed and launched in 2013 as a âlightweightâ alternative to traditional digital currencies such as Bitcoin (BTC). The name Dogecoin and the Shiba Inu logo are actually based on a meme and the whole idea started as a joke.
As explained by Coinbase, Dogecoin is not really like Bitcoin, which was designed to be digitally rare. DOGE is “intentionally plentiful – 10,000 new coins are mined every minute and there is no maximum supply,” Coinbase noted.
As mentioned in the exchange update:
âOne of the most common requests we hear from customers is to be able to buy and sell more cryptocurrencies on Coinbase. We have announced an asset listing process, designed in part to speed up the addition of more cryptocurrencies. We are also investing in new tools to help people understand and explore cryptocurrency. “
Coinbase also offers asset information pages for DOGE (and other cryptos) as well as a new section on the Coinbase website to “answer common crypto questions.”
Customers can create a Coinbase account in order to âbuy, sell, convert, send, receive or store DOGE todayâ.
As recently reported, Coinbase announced that it has unlocked trading in stable pairs (stablecoin).
The crypto exchange Coinbase claims that its mission is “to increase economic freedom in the world.” According to the company, an open financial system should provide better access to financial services “for all and allow greater economic freedom for individuals and businesses”.
Coinbase management noted in a blog post that “a critical part of the success of this mission is to continue to develop a healthy and liquid exchange for cryptoassets.”
The company added:
âWe are announcing that we have updated our prices to 9 ‘Stable Pairs’ and will continue to add additional pairs at competitive prices. Stable pairs, or a price quote between two cryptocurrencies where the price is designed to be pegged to an external benchmark such as the USD, play an important role in the crypto ecosystem by allowing users to benefit from multiple options. funding and instant settlement.