Binance Listing Propels Dogecoin By 16%
Investors and speculators gave a warm welcome to Dogecoin (DOGE) which got listed in Binance, one of the largest cryptocurrency exchanges, by propelling its price by nearly 16% to $0.0039. At noon (UTC) today, Binance started listing Dogecoin based pairs such as DOGE/BNB, DOGE/BTC, DOGE/USDT, DOGE/PAX, and DOGE/USDC.
Additionally, the exchange has also facilitated depositing Dogecoin on the exchange to begin trading. Most of Doge’s gains came after it got listed in Binance.
Dogecoin was created as a meme coin by Billy Markus from Portland, Oregon and later named it as “Doge,” a Shiba Inu breed dog. The crypto is presently the 26th biggest by market capitalization and the total value of the network is more than $503 million.
Notably, Binance labs, the blockchain incubation program operated by Binance, has funded Cere Network, the blockchain powered customer relationship management (CRM) startup. Back in May, the US headquartered major cryptocurrency exchange Coinbase’ crypto wallet service Coinbase Wallet started supporting Dogecoin.