One of the largest and most used cryptocurrency exchanges in the market, Binance, has decided to add support to Dogecoin (DOGE). The information was released by the exchange on July 5 in a blog post. Doge is one of the most popular digital currencies in the space.
Binance Offers Support To Dogecoin
Binance is going to be listing Dogecoin and allow users to trade it against Binance Coin (BNB), Tether (USDT), Paxos Standard (PAX), Bitcoin (BTC) and USD Coin (USDC). This would be available on July 5, at 12:00 PM (UTC). Deposits for DOGE are currently opened.
According to the blog post released by Binance, they have not requested any fee for the project. Many other tokens that want to get listed on the exchange have to pay a listing fee that is donated through Binance Charity.
— Binance (@binance) July 5, 2019
The official blog post reads as follows:
“Binance will list Dogecoin (DOGE) and open trading for DOGE/BNB, DOGE/BTC, DOGE/USDT, DOGE/PAX and DOGE/USDC trading pairs at 2019/07/05 12:00 PM (UTC). Users can now start depositing DOGE in preparation for trading.”
According to Changpeng Zhao, the CEO and founder of the platform, they are doing this not only for the “tech” but also for users. Clearly, Dogecoin had a trading volume of $121 million in the last 24 hours as the 27th largest crypto in the market. However, in terms of volume Dogecoin is the 24th largest.
In the last 24 hours, Dogecoin surged more than 38% after the announcement made by the exchange. According to data provided by CoinMarketCap, Dogecoin is currently being traded around $0.004404 and it has a market capitalization of $521 million.
Doge has been a digital currency embraced by Vitalik Buterin, the co-founder of Ethereum (ETH) and John McAfee. In addition to it, the CEO of Tesla, Elon Musk, changed his Twitter biography and mentioned that he was the CEO of DOGE.
Dogecoin is a cryptocurrency that was created back in 2013 and has been embraced as a parody coin. The virtual currency was launched by Billy Markus, Jackson Palmer and also “Shibetoshi Nakamoto,” which makes reference to Satoshi Nakamoto, the founder of Bitcoin.
The intention was to create a cryptocurrency that would be free from controversies and that would be fun t use.
Try Out Binance Today
For over two years, UseTheBitcoin has done the research, covered the news, and helped readers find the best blockchain projects. The one thing we keep coming back to is Binance.