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#1 04-06-2021 07:20:48

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Coinbase Makes Dogecoin Available to Retail Investors

Coinbase retail users can now sell, buy and store dogecoin on the exchange, the company said in a blog post, and to stir interest is running a $1.2 million dogecoin giveaway promotion.

Investors who opt in and purchase $100 worth of Dogecoin will be eligible for the promotion.

Coinbase has launched information web pages about Dogecoin, and a section that addresses frequent questions about cryptocurrency.

On Tuesday, the company announced that it was adding the meme-based cryptocurrency to its professional trading platform, Coinbase Pro.

The timing of the latest announcement veered from Coinbase precedent in its listing of cryptocurrencies. The exchange typically adds cryptocurrencies to its retail platform a few weeks after first listing on the professional version.

The Coinbase announcements have failed to re-boost dogecoin’s price, which was down nearly 6% to $.39 at the time of publication.

Dogecoin is down from its all-time high of $.72 on May 7 after starting the year at a fraction of a penny.

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