Payment platform of first public cryptocurrency exchange adds Dogecoin
Coinbase Commerce serves 8,000 merchants worldwide, including one of the world's oldest auction houses, Sotheby's.
Crypto-exchange Coinbase has announced the addition of Dogecoin to its payment platform Coinbase Commerce. The company says the service serves more than 8,000 merchants worldwide. One of the world's oldest auction houses, Sotheby's, began accepting bitcoin and Ethereum through the platform in May. The service also supports Bitcoin Cash, Litecoin and Stablecoin USDC.
Dogecoin was added to professional trading platform Coinbase Pro in early June. The cryptocurrency's price rose 34% on the back of the listing. At the same time, the altcoin is not yet listed on Coinbase, the main cryptocurrency exchange.
Dogecoin ranks eighth among the largest cryptocurrencies by capitalisation. In the past 24 hours, the price of the asset has risen 10% to $0.19, according to CoinGecko.
Coinbase went public on the NASDAQ exchange in the spring, bypassing the IPO process through a direct listing. The company's shares peaked at $429.5, but then went into a decline. As of July 22, 12:10 Moscow time, the premarket price of the securities of the first public crypto exchange is $231.
There is about 130 billion Dogecoin in circulation today. Each year the Doge blockchain network will add 5 billion more coins. Therefore, at the end of 2021, there will be around 135 billion coins in circulation.