Main navigation

DOGE Support Added by New Crypto Exchange

Thu, 08/18/2022 - 11:50
article image
Yuri Molchan
Another crypto exchange has listed Elon Musk's favorite meme cryptocurrency
DOGE Support Added by New Crypto Exchange
Cover image via stock.adobe.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Read U.TODAY on
Google News

Crypto exchange BlueBit.io, based in St. Vincent and Grenadines and Dubai, has tweeted that it has listed Dogecoin. In its tweet, the team of the exchange also addressed Elon Musk – a prominent fan of Dogecoin, who has integrated this meme token as a payment option at Tesla and SpaceX.

This listing took place after its rival, Shiba Inu, was added by the same platform last week.

Elon Musk recently affirmed in an interview that he still supports the joke cryptocurrency made as a parody on Bitcoin in 2012. He believes DOGE has a utility: "meme and dogs."

The world's richest person also pointed out in the interview that DOGE's transaction capability is higher than that of Bitcoin, the flagship digital coin.

In June, Musk tweeted that he continues to buy Dogecoin despite the lawsuit that was started against him for promoting DOGE as reportedly a Ponzi scheme.

Related
Michael Saylor Urges Elon Musk to Buy Some More Bitcoin

In January, Musk-helmed Tesla started accepting Dogecoin as payment. SpaceX did likewise in May, and it was followed by The Boring Company, another business spearheaded by billionaire Musk.

Musk himself holds DOGE, Bitcoin and Ethereum. Tesla has recently sold roughly two-thirds of its BTC after buying $1.5 billion worth of it in early 2021. It is not known whether Musk still owns his Bitcoin, but yesterday, former CEO of MicroStategy Michael Saylor, who is known to be a famous BTC evangelist, urged Musk to buy some more Bitcoin.

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.