Major cryptocurrency exchange Binance announced that today it will list dogecoin (DOGE) in a post on its website on July 5.
Starting at noon UTC today, the following dogecoin pairs will start being traded on the exchange: DOGE/BNB, DOGE/BTC, DOGE/USDT, DOGE/PAX, and DOGE/USDC. Furthermore, users can already deposit their dogecoin on the exchange in preparation for the trading.
As of press time, it looks like the coin in question reacted by reporting significant gains. DOGE is up about 31% over the last 24 hours, and most of the gains have been registered in about 30 minutes.
Dogecoin one-day chart | Courtesy of Coin360
According to Finder, Dogecoin has started as a joke currency, when Billy Markus from Portland, Oregon, created it and named it after “doge,” a meme representing a dog of the Shiba Inu breed. The coin is currently the 26the cryptocurrency by market cap and the total value of the network is over $503 million.
As Cointelegraph reported earlier this week, Binance Labs, the blockchain incubation initiative run by Binance, has provided the blockchain-based customer relationship management (CRM) Cere Network with strategic funding.
In May, American major cryptocurrency exchange Coinbase has added support for Dogecoin to its crypto wallet service Coinbase Wallet.