Elon Musk Says Coinbase Should List Dogecoin

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Sat, 03/13/2021 - 08:32
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Alex Dovbnya
Tesla CEO Elon Musk believes that soon-to-be-public Coinbase has to enable Dogecoin trading
Elon Musk Says Coinbase Should List Dogecoin
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Tesla CEO Elon Musk thinks that Coinbase, the largest U.S. exchange, should enable Dogecoin (DOGE) trading, according to his March 13 tweet.  

The soon-to-be-public cryptocurrency exchange—whose valuation is estimated to be nearly $100 billion—was tapped by Tesla for carrying out its massive $1.5 billion Bitcoin purchase.

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Coinbase balks at listing Dogecoin   

The Shiba Inu-themed digital asset is the 15th largest cryptocurrency by market capitalization that is currently trading at $0.056. 

In early February, it soared to $0.088, piggybacking off the GameStop mania and Musk’s frequent tweets touting the joke coin.      

Coinbase Wallet announced Dogecoin support back in May 2019, allowing users to simply store their tokens.    

In spite of a flurry of excitement surrounding the meme cryptocurrency, Coinbase has so far abstained from letting retail investors trade DOGE. Yet, it recently listed the likes of SushiSwap (SUSHI) and Polygon (MATIC). This, of course, doesn’t sit well with the indignant community.       

The DOGE/USDT pair on Binance accounts for 8.17 percent of Dogecoin’s trading volume, according to CoinMarketCap data.

Coinmarketcap
Image by coinmarketcap.com

DOGE is also available for trading on Hobi, Kraken, Bittrex, and some other exchanges.         

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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