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Dogecoin (DOGE) Prepares For Potential Coinbase Listing

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Dogecoin (DOGE) Prepares For Potential Coinbase Listing

Remember Dogecoin (DOGE)? Yes, the same project which started as a fun romp, famous for its Shiba Inu mascot/memes. Launched in 2013, Dogecoin has climbed up to become the 20th largest cryptocurrency with a $605 million market cap.

This year itself, Dogecoin has sped past several other cryptocurrencies on the market. Moreover, Dogecoin has surged more than 120% since the end of August 2018.

Making its Way to the Coinbase Exchange

Just a few weeks back, popular cryptocurrency exchange Coinbase altered its listing policy for digital currencies. Furthermore, the exchange said that it is open to list all types of digital assets including altcoins, tokens, stablecoins, forks, and collectibles.

However, the exchange noted that it would do a proper assessment of those assets before considering them for listing. Indeed, a cryptocurrency can only get listed on the exchange if it meets Coinbase’s minimum standards.

In an exclusive interview with crypto news publication Blokt, Dogecoin core developer Ross Nicoll spilled the beans. Since Coinbase has relaxed its listing policy, Nicoll said his team plans for a Dogecoin inclusion on the exchange. Due to its huge customer base, a Coinbase listing would give immense popularity to everyone’s favorite Shiba Inu mascotted cryprocurrency.

Dogecoin Amazon Integration and Future Plans Ahead

Furthermore, Ross Nicoll also clarified some of the rumors regarding integration with Amazon and UPS:

“We’re obviously enthusiastic about any new adoption and would love to talk to UPS and Amazon about how this might work, but so far no-one at either company has reached out to us.”

The meme industry is thriving at the moment and Dogecoin plans to capitalize upon it. Basically, the coin acts as a reward mechanism for the meme creator. The complete decentralization has helped this project to climb the success ladder.

What started as a fun project has now grown into a serious business. The team is also currently working on a project called Dogecoin Ethereum bridge. This will allow DOGE token to move back and forth to and from the Ethereum blockchain. As a result, it will open a plethora of trading options for the cryptocurrency.

Nicoll also talked about the core integrity and seriousness of the project:

“We are managing $650mil of other people’s money, we take that fairly seriously. I got involved as the first hard fork was being executed, to resolve issues with the initial parameters of Dogecoin. I’m aware some of the decisions we’ve made since have been unpopular, but we do very carefully analyze decisions we make around changes to the coin,” he said.

Nicoll further stated that “We maintain a tenet that anyone should be able to work on Dogecoin without needing permission from any special group.”

Risk Disclosure

This article should not be taken as, and is not intended to provide, investment advice. Users are ultimately responsible for the investment decisions he/she/it makes based on this information. It is your responsibility to review, analyze and verify any content/information before relying on them. Trading is a highly risky activity. Do consult your financial adviser before making any decision. Please conduct your thorough research before investing in any cryptocurrency and read our full disclaimer.

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