Crypto exchange Coinbase added Dogecoin to its payment platform

Cryptocurrency exchange Coinbase has added a comic Dogecoin digital coin to its platform. The Coinbase Commerce platform gives businesses the ability to accept cryptocurrency payments alongside fiat money.

“We now accept commercial payments using Dogecoin (DOGE)!” – says the platform’s Twitter account.

Dogecoin is the sixth cryptocurrency to be integrated with the Coinbase Commerce platform, along with Bitcoin, Ethereum, Bitcoin Cash, Litecoin and USDC stablecoin, according to a post on the crypto exchange website. The company is confident that this will spur demand for crypto payments in Dogecoin.

The Coinbase Commerce platform serves at least eight thousand retail outlets around the world, according to the data of the crypto exchange.

The Dogecoin cryptocurrency, which was created in 2013 as a joke, only became popular this year. At the end of January, its cost was less than $ 0.01, and in May it rose above $ 0.51, according to CoinMarketCap data. Over the past day, according to CoinGecko, the value of the asset has increased by 3.9%, and the capitalization has exceeded $ 25 billion. According to this indicator, DOGE is ranked eighth in the list of the largest cryptoassets.

Professional trading marketplace Coinbase Pro added Dogecoin to its platform in early June. In April, Coinbase went public on the NASDAQ, bypassing the initial public offering through a direct listing.

At its peak, the value of the company’s shares reached $ 429.5, on July 22, the price of the crypto-exchange securities at the premarket was $ 230.87.

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