Monday, May 27, 2024

Coinbase Will Support Dogecoin Trading

Coinbase has reversed course, announcing it will finally start supporting Dogecoin trading.

What started as a meme has taken the crypto world by storm, with Dogecoin catapulting into the fourth largest cryptocurrency by market value. Despite Dogecoin’s growth, one of the leading crypto trading platforms has been noticeably absent from the action.

Coinbase is changing its tune, with CEO Brian Armstrong telling investors the platform will support Dogecoin within six to eight weeks, according to Gizmodo. Armstrong also highlighted his vision of where he sees things going.

I think it’s going to be something, kind of, like apps in the App Store or on the iPhone where there’s eventually millions of these assets created over time and so we’re putting a lot of work and thought into how do we accelerate our pace of asset addition, and one of those is Doge, as you mentioned, which has been getting a lot of attention recently.

Coinbase’s change of plans is likely to boost Dogecoin even more, making it easier than ever for people to trade the crypto.

*Author holds a very small amount of Dogecoin that in no way influenced this article.

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