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.
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.
The focus of the hearing between Facebook’s David Marcus and the Senate on the Libra cryptocurrency was trust—or the lack thereof.
A court in Hangzhou, China, upheld Bitcoin’s status as “virtual property.” The ruling reaffirms that Bitcoin is legal to own in China and indicates to holders that they will be protected by the country’s legal system in disputes.
Japanese cryptocurrency exchange Bitpoint was hacked last week when hackers stole 3.5 billion yen ($32 million) from the exchange’s hot wallet, of which 2.5 billion yen were customer funds.
Ripple is revealing more on its multi-million dollar plan to grow the digital assets ecosystem and bring distributed ledger technology to the masses.
U.S. president Donald Trump finally expressed his views on Bitcoin and cryptocurrency, and the POTUS is not a fan.