Coinbase is the latest cryptocurrency exchange that is adding Dogecoin cryptocurrency to its portfolio. So, users can now purchase, hold, and trade Dogecoin cryptocurrency on Coinbase.
Dogecoin began as a ‘joke’ cryptocurrency but picked up surprisingly making several people wealthy in a short period of time. Support from Elon Musk also helped the cryptocurrency a lot and many people supported the cryptocurrency in recent weeks.
Now after Musk confirmed that he is working with developers of Dogecoin to increase its efficiency, the future of Dogecoin seems secure.
Now when Dogecoin has too much attention, Coinbase has decided to start Dogecoin trading on its platform. Support for Dogecoin is expected to available in the next six to eight weeks.
Even if cryptocurrency investment is booming, it is still a risky investment. People claim that cryptocurrencies are decentralized and aren’t controlled by anyone. But we have seen how a tweet from Musk affected the price of Bitcoin and Dogecoin recently. So, invest at your own risk. Do not invest your life savings on crypto.
Also see: How to buy Dogecoin in India?
