Dogecoin Now Listed on Binance
After years of waiting, Dogecoin (DOGE), the popular meme-based cryptocurrency, has finally been added to the world’s largest crypto exchange, Binance.
According to the announcement, Dogecoin is already available for trading with BNB, BTC, USDT, PAX and USDC trading pairs
The reasoning behind the sudden listing of one of the oldest cryptocurrencies is seemingly fairly straightforward: people simply love Dogecoin.
“This one is an exception [to Binance’s strict listing policies], as there isn’t much new tech development (I guess it was never about the tech for this one),” explained Binance CEO Changpeng Zhao. “The users/community is large, and a famous ‘ex-CEO’ (cough Elon Musk) helps!”
The surprise listing has Dogecoin up over 16% on the day to $0.003838, giving the altcoin a $461.4 million market cap.
The exchange will open up deposits and withdrawals to traders starting Friday 5 July at 12:00 GMT. Binance also revealed the lack of a listing fee for the altcoin, at ‘0 BNB’.
Binance’s official digital wallet for cryptocurrencies, Trust Wallet, has added decentralized, peer-to-peer digital currency, called dogecoin (DOGE), states the official announcement.
“We are excited to announce that we are now supporting Dogecoin (DOGE). Dogecoin sets itself apart from other digital currencies with an amazing, vibrant community made up of friendly folks that fit perfectly into our ever growing Trust Wallet family,” notes the announcement.
Viktor Radchenko, Founder of Trust Wallet, states adding Dogecoin boiled down to these 3 major points: “Very science. Many community. So Amaze !!“
Last year, during the discussion on Twitter, the Founder of dogeсoin, Jackson Palmer, discussed the threat of ETF and institutional investors within the crypto market jurisdiction.