Coinbase lists Dogecoin🚀

Leading cryptocurrency exchange #Coinbase plans to list #Dogecoin.

Coinbase CEO Brian Armstrong said the company will list Dogecoin in six to eight weeks at the company's conference call for the first quarter results of 2021.

Dogecoin's reaction to this news was rapid. The coin has risen from $ 0.38 to $ 0.43.

Armstrong also stated that they will list the coins that have just been released and do not have any trading volume in the future. Coinbase CEO added that they are working to speed up their coin listing process.

Recently, Elon Musk asked his 55 million followers on Twitter if they wanted Tesla to accept Dogecoin. Prior to this, SpaceX announced that it had received a payment with Dogecoin for a space transport that will take place in 2022.

Dogecoin left its mark on the cryptocurrency market this year. The crypto money, which recently saw $ 0.75, had at that point achieved a 25,000 percent rally in a six-month period. The wave of interest that came with the price increase in Dogecoin has led to the emergence of many similar cryptocurrencies.

Another important development that emerged with Dogecoin was the step of creating a global developer team. Mobile application development company AppSwarm and blockchain research initiative DogeLabs.io will enable a team to develop applications on Dogecoin.

While Coinbase decided to list Dogecoin, those who reacted to Elon Musk's statements about Bitcoin started a campaign to remove Dogecoin from Binance. In the campaign launched with the hashtag #DelistDOGE, thousands of tweets were posted on Twitter.

On the other hand, according to the first quarter figures announced by Coinbase, the net profit of the company in January-March was over $ 771 million. This is more than four times the figure for the fourth quarter of 2020. The platform has over 56 million verified users and stores $ 223 billion in user assets.