Dogecoin Is Listed On Bitstamp Crypto Exchange

Key Points:

• Dogecoin ($DOGE), a cryptocurrency influenced by memes, has been added to Bitstamp’s list of cryptocurrencies. Two trading pairs have also been added to allow users to convert DOGE to USD or EUR.
• The timing of Bitstamp’s new listing coincides with Coinbase’s (NASDAQ: COIN), a Nasdaq-listed cryptocurrency exchange, losing market capitalization to DOGE.

“Longest operating crypto exchange” in the world Dogecoin ($DOGE), a cryptocurrency influenced by memes, has been added to Bitstamp’s list of cryptocurrencies. Two trading pairs have also been added to allow users to convert DOGE to USD or EUR.

The exchange stated that the listing was released with the same Bitstamp policy that applies to other assets, which is that there are no trading fees for total trading volumes up to $1,000 for the previous 30 days.

Bitstamp was established in 2011, 2013 and 2014, it obtained registrations in the UK and Luxembourg. Its offices are in the UK, Luxembourg, USA, Singapore, and Slovenia, and it boasts “a global team of about 400 individuals.” There are already more than four million users using it globally in more than 100 countries.

Notably, the exchange added $DOGE months after adding Shiba Inu ($SHIB), a competitor cryptocurrency inspired by memes, in June. However, Middle Eastern cryptocurrency trading firm Rain finally overtook Bitstamp to become the 100th cryptocurrency trading platform to list the SHIB.

Bitstamp’s new listing coincides with Coinbase’s

The timing of Bitstamp’s new listing coincides with Coinbase’s (NASDAQ: COIN), a Nasdaq-listed cryptocurrency exchange, losing market capitalization to Dogecoin. The exchange’s market cap is currently below $8 billion, while DOGE’s market cap is close to $10 billion.

Earlier this week, the most enormous whale on Dogecoin’s network transferred more than $280 million in cryptocurrency to a new address, which has subsequently risen to the position of 5th largest address on the network.

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