The Favorite meme-coin Dogecoin got listed on Binance US according to the latest announcements that we have in our latest news on altcoin.
Binance US announced on Thursday that they will be listing the favorite meme-coin of the community under the DOGE/USDT trading pair. For now, the only deposits that are accepted are open until trading is live at 1:00 UTC. The cryptocurrency was first launched in 2014 and the coin pays homage to popular internet meme around the Shiba Inu dog breed. As of press time, the cryptocurrency had a 24-hour transaction volume of $7.85 million according to Messari.
The Dogecoin announcement was preceded by a slew of other listings including IOTA, Algorand (ALGO), Zcash (ZEC) and Dash (DASH). The U.S arm of one of the major crypto exchanges y volume, Binance US announced earlier this year following the regulatory ban of US customers in June. The Customer onboarding began in September with six initial coin listings including Bitcoin, XRP, Ethereum, Bitcoin Cash, Litecoin and Tether. According to the announcement we can read that:
‘’We will list Dogecoin (DOGE). Trading for the DOGE/USDT trading pair will open on October 24, 2019, at 9:00pm EST / 6:00pm PST. 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.’’
Binance U.S. is a very efficient marketplace that aims to provide access and trading across a diverse selection of digital assets. The crypto exchange also announced that they will be evaluating coins, tokens and trading pairs to offer on the US platform in accordance with our Digital Asset Risk Assessment Framework, community feedback, and of course, the market demand.
Before the news about Binance America hitting new records, we saw that the exchange launched its Bitcoin futures and with that hit a $700 million record as other platforms saw lackluster activity. Binance has also launched support for two cryptocurrency assets: IOTA (MIOTA) and Binance USD (BUSD). It seems like the crypto exchange giant is actively pushing more and more coins to its database and even more, coins are expected in the near future.
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“We’ve gone through the Coinbase listing documents, and they require a lot of structure we don’t have, so at the moment, it’s not on our roadmap. It’s an unfortunate situation that despite cryptocurrencies being designed to be decentralized, being an actually decentralized project seems to confuse a lot of companies in the space. That said, it would be great to see Dogecoin listed, and if we can help Coinbase with this, I’d love to hear from them. Obviously, Dogecoin is in the Coinbase Wallet app, and I’m hoping that’s a good sign.”The Dogecoin developers continued in the cryptonews and noted that the coin has "a fixed inflation rate of 5.256 billion newly created coins each year" saying that this is fundamentally core for the cryptocurrency.
"Many people miss that we’re not founders, and Dogecoin had no pre-mine, so the current developers have had no better opportunity than anyone else to stockpile. What I mean is if we were in this to make money, it would be much easier to work on a cryptocurrency that already has a profit model, than try reinventing Dogecoin,” they continued.It will be very interesting to see what the Dogecoin developers will do in 2020 and how the cryptocurrency will focus on adoption and further popularization.
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