The cryptocurrency market has ensured that the mantra to growth is mass adoption and multiple additions. This has been a policy that has been adopted by Binance, the world’s largest cryptocurrency exchange. In the latest announcement, the Changpeng Zhao led organization revealed that they would be integrating Dogecoin onto its platform. The official release stated:
“Binance.US will list Dogecoin (DOGE). Trading for the DOGE/USDT trading pair will open on October 24, 2019, at 9:00pm EST / 6:00pm PST. *Updated
Users can now start depositing DOGE in preparation for trading.
Please note: DOGE is temporarily only available for deposits. Withdrawals will not be enabled until trading is live.”
The decision has left the cryptocurrency industry split, with some calling it a good idea while others wanted to remind Binance that DOGE was started as a ‘meme coin.’ ‘MSingularity’ on Twitter stated:
“Started as satire, the tech and usage have always been rather real. I see a whole bunch of uneducated people hating, and trying to throw shade with projects that cannot maintain a secure main net. No hate though, just passionate folk.”
At the same time, the crypto world was on the opposite spectrum, saying:
“I do not understand your strategy, you have to stop the list of useless tokens like this one.”
The Binance announcement had a slight positive effect on Dogecoin’s price as the value rose by 2.43 percent. At press time, the cryptocurrency was trading for $0.0025 with a total market cap of $308.54 million and a 24-hour market volume of $77.66 million. HCoin, a relatively unknow exchange had the lion’s share of the DOGE trade with a hold on $22.17 million worth of transactions.
Binance was also in the news recently when the exchange revealed that they had added a fiat-to-crypto gateway for Nigeria’s Niara [NGN]. The company further teased the community and the country’s users by stating that soon, there are plans to introduce gateways for Kenya’s Shilling and South Africa’s Rand.
Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.