Bitcoin has a popular platform that is coin base, and recently, it was announced that users can now trade Dogecoin through coin base. Bitcoin is a form of electronic trading, and it requires a particular platform to sell; previously, Dogecoin has been launched that can now be traded through a coin base.
Crypto requires electronic trading to be performed. Recently through a blog, coin base announced that users can now start trading Dogecoin from June 3. This advancement was made and spread to people through a blog.
It is also stated that only Coinbase pro account users would be allowed to do dogecoin trading, and the rest would not be entertained.
Initially, Coinbase has only allowed transfers of Dogecoin rather ten purchasing it. The users can buy Dogecoin from regular currency and trade if they have a noticeable amount of Dogecoin.
Dogecoin is known as one of the volatile cryptos, and in some cases, it might be a dangerous trade. Coinbase warned the users that it could halt the trading if the given amount of Dogecoin did not meet the requirements.
Dogecoin was established back in 2013 as a cryptocurrency, initially which was the reason for many jokes. People did not believe either in name or the benefits it could provide. Later in 2020, Dogecoin became the main reason for memes and gathered the market over the internet.
Initially, Dogecoin has high-market capitalization, and many people believed that this coin is over-valued. Despite such claims and allegations, Dogecoin keeps on rising in its price.
Gradually Dogecoin has gained a lot of attention on social media platforms, and people started setting goals to buy this $1 coin. Many celebrities, including Elon Musk, also appreciated Dogecoin’s market.
As soon as people started buying Dogecoin, it reached another level of expectation which led to a 13,600 percent rise in the past year.Sooner coin base also decided to start exchange and purchase and trading of Dogecoin through this platform.
Coinbase has made it easier for people by bringing Dogecoin to mainstream traders. Coinbase also encourages beginners to invest in Dogecoin.