SpaceX’s boss, Elon Musk once said that Dogecoin is his favorite cryptocurrency, in fact, he had also updated his Twitter bio as CEO of Dogecoin and shortly updated as Ex-CEO of Dogecoin. Now his favorite cryptocurrency, Dogecoin has received support from the US arm of largest crypto exchange, Binance.
Announced on Wednesday, Binance US has listed Dogecoin (DOGE) in a list of its supported altcoins. Dogecoin is currently ranked as the 28th largest cryptocurrency with the market capitalization of $303,640,734 on the graph of coinmarketcap.
Per the blog post, the deposits are currently live whereas the trading for the DOGE/USDT will kick-start today, on October 24, 2019, at 9:00 PM (EST). However, withdrawals will also be enabled once the trading will live, the exchange said in its blog post, published on October 23.
Looking at the current trading value of DOGE coin, it doesn’t appear that Binance US’s listing announcement influenced its trading value anywhere. Notably, the coin is currently valued at $0.002494 against USD, declining by 1.89 percent within the past 24hrs. On the contrary, DOGE saw a significant surge when Binance international listed it in early this July along with five trading pairs – DOGE/BNB, DOGE/BTC, DOGE/USDT, DOGE/PAX, and DOGE/USDC.
Over the past week, Binance US has been quite active in listing the new digital assets – few of those altcoins are Dash (DASH), Chainlink (LINK), Ravencoin (RVN), Algorand (ALGO), IOTA (IOTA), Zcash (ZEC) and many other. Moreover, the exchange is also offering free trades until November 1 in addition to a $15 referral bonus. Collectively, Binance US counts around 20 cryptocurrencies thus far.
In a nutshell, it’s worth noting that almost all leading cryptocurrencies are drastically declining their values on the graph of coinmarketcap today. While Bitcoin has sided down to $7500 against USD, other altcoins followed suit.
Image source – Binance US’s video snap