News update which could probably make investors (with DOGE in their portfolio) very happy. Coinbase Pro, the cryptocurrency exchange’s professional trading arm just has started accepting Dogecoin (DOGE). Most of you should likely know how coinbase news affect ANY coin referred to..
Some experts already again started to see the invisible hand of Elon Musk behind these news.. 🙂
I see more HYIPs now start accepting this coin as their payment method just because of such news and “MUSK stories”.. So there more and more investors are involved..
*Well, the meme coin still is the meme coin so, please, be very cautious as it looks like pumps/dumps scheme will eventually continues.
Coinbase Pro, the cryptocurrency exchange’s professional trading arm, has started accepting Dogecoin (DOGE) inbound transactions, paving the way for greater use of the meme-based digital asset.
Coinbase Let Doge In
The exchange said Tuesday afternoon that trading of DOGE will begin on Coinbase Pro on Thursday at 4:00 p.m. UTC, assuming liquidity conditions are met.
DOGE will initially be available in five trading pairs: DOGE/USD, DOGE/BTC, DOGE/EUR, DOGE/GBP, and DOGE/USDT. Order books will be available in three stages, starting with post-only, then limit-only, and finally full-trading.
“If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules,” Coinbase said.
Coinbase CEO Brian Armstrong teased the platform’s then-impending launch of dogecoin during a May 15 investor call, outlining his intention to “accelerate asset addition into the future.” “There are more and more assets being created in the crypto economy,” Armstrong said. “One of those is doge … which has been getting a lot of attention recently.”
Dogefather Has Been Behind Dogecoin Push
Tesla billionaire Elon Musk, the self-proclaimed “dogefather,” has repeatedly sent the price of the coin flying through his personal investments and internet promotions. Doge’s value surged by 20% after Armstrong’s comments coincided with an announcement from Elon that he was “working with doge devs to improve system transaction efficiency.” Twitter activity surrounding DOGE also briefly surpassed the flagship crypto asset at the beginning of the year.
With his distinctive sense of humor, Musk had found it ironic that the coin has the potential to be the world’s reserve currency. Musk said:
Which one it is going to be? Maybe it’ll be multiple, it should be considered speculation at this point. The point is that Dogecoin was invented as a joke, as essentially to make fun of cryptocurrencies. Fate loves irony, what it would be the most ironic outcome? That the currency that was invented as a joke, in fact becomes the real currency. To the moon!
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