Dogecoin opens to retail traders on Coinbase
The move comes days after the crypto trading platform listed the meme-inspired digital currency for its Pro traders
Company
NASDAQ:COIN
Coinbase is a digital currency exchange headquartered in San Francisco, California, United States. They broker exchanges of Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Tezos, and many other cryptocurrencies, with fiat currencies in approximately 32 countries, and bitcoin transactions and storage in 190 countries worldwide.
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The move comes days after the crypto trading platform listed the meme-inspired digital currency for its Pro traders
The platform said it is planning to allow trading of the meme-inspired crypto for its professional customers from Thursday, raising hopes that it could soon allow the same for its legions of retail traders
The group is reportedly in high levels talks with Osprey Funds, an investment firm that rose to prominence recently with the launch of a new Polkadot fund
It makes the trading platform “one of the worst direct listings ever", according to some analysts
The market has lost around half a trillion dollars in the last 24 hours as panic selling saw sharp declines for major digital currencies including Bitcoin and Ethereum
The meme-inspired crypto has risen by around a third on Friday morning
The crypto trading platform is due to report its first quarter numbers after the closing bell on Thursday in the wake of a sudden plunge in the prices of Bitcoin, Ethereum, Dogecoin and several other digital currencies
The Swedish firm said it has received subscription demand equivalent to around £42.5mln for a share issue to raise up to £3.4mln ahead of its listing on the Nasdaq First North market on May 12
The auction house will accept the two cryptocurrencies when the street artist's famous work, 'Love Is In the Air', goes under the hammer in New York next week
The original digital currency is currently trading at around US$48,000 just over a week after hitting a record high of over US$63,000