Coinbase cryptocurrency exchange will provide Dogecoin trading services in 6-8 weeks
Elon Musk has made Dogecoin popular by himself. At present, Elon Musk’s fans are buying Dogecoin frantically, hoping to profit from the surge in Dogecoin.
However, it is not easy for American users to buy Dogecoin, because Coinbase, the largest cryptocurrency exchange in the United States, does not support Dogecoin.
Fortunately, Robinhood, which provides stock trading, and the US version of Binance support Dogecoin trading, but Robinhood often has trading problems when buying Dogecoin.
Therefore, more American users still expect Coinbase to provide Dogecoin trading services. After a long time, Coinbase has finally made the final decision.
According to official Coinbase news, based on user needs, the platform will provide Dogecoin transaction services, including fiat currency purchase services, in the next 6 to 8 weeks.
“Lord Dogecoin of Future Finance” by Furtherfield is licensed under CC BY-NC 2.0
For American users, you can directly purchase cryptocurrencies through the platform and supported bank accounts, and the purchase process is relatively convenient.
However, recent Dogecoin attention is extremely high and the trading volume is extremely high, and the lack of support for Dogecoin trading has caused many new users of cryptocurrencies to be forced to open accounts on competing exchanges.
Therefore, the Coinbase CEO said that in the future, the review process of various tokens will be improved and the review speed will be accelerated, so as to provide users with services more quickly.
Coinbase supported a total of 108 types of cryptocurrencies as of the end of March, but the funds and main trading services are actually concentrated in Bitcoin and Ethereum.
Two cryptocurrencies, Bitcoin and Ethereum, account for 60% of Coinbase’s total transaction volume, and other tokens together account for 40% of total transaction volume, but they may increase in the future.
Via: CNBC
