Cryptocurrency News

Elon Musk Want’s Coinbase To List DogeCoin – Report.

Leading electric car manufacturer Tesla’s CEO and unabashed dogecoin fan, Elon Musk, wants the Coinbase exchange to finish its “No DOGE Allowed” policy & list the meme-based crypto assets.

Musk tweeted an exclamatory “Yes” on Saturday after a Twitter user asked the billionaire investor whether Coinbase should allow the Shiba Inu-represented cryptocurrency on its platform.

Elon Musk Want's Coinbase To List DogeCoin - Report.

A listing on Coinbase would expose dogecoin to an entirely new breed of investors and thus unleash its potential. That’s because the United States regulated exchange is taken into account synonymous with institutional investors and high net worth individuals. Tesla bought bitcoin worth $1.5 Bln earlier in the month of February via Coinbase.

At the reporting time, dogecoin is presently trading at a price near $0.059 USD, representing a 6.7% gain on a 24-hour basis. Prices surged over 600% earlier in January alone and have risen by nearly 1,130% thus far this year. Bitcoin, meanwhile, is up over 100% on a year-to-date basis, consistent with CoinMarketCap data.

DOGE adoption has hiked over the past few weeks, with the likes of Dallas Mavericks accepting the crypto asset as payment for tickets and merchandise.

Renowned sports brand Wooter Apparel and medical supplier CovCare recently c support for dogecoin as another means of payment.

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