Robinhood Cryptocurrency Platform Adds Support For Dogecoin (DOGE)

The US-based cryptocurrency exchange company Robinhood has announced the addition of support for Dogecoin (DOGE) on its Robinhood crypto platform, as reported in an article published yesterday, cited by Cointelegraph.

Dogecoin (DOGE) joins Litecoin (LTC) and Bitcoin Cash (BCH) as latest additions to Robinhood crypto platform

Allegedly, Dogecoin (DOGE) is a peer-to-peer cryptocurrency that was first developed as a joke regarding the dog meme inspired by a real Japanese Shiba Inu known as Kabosu.

Dogecoin (DOGE) was launched in December 2013 and has a current market capitalization of around 331 million dollars based on Coinmarketcap. With this addition, DOGE has entered the Robinhood crypto platform where there are Litecoin (LTC) and Bitcoin Cash (BCH), already, both being added last week.

Dogecoin (DOGE) has no limitations in terms of the number of coins that can be mined, with over 115 billion coins already in use. DOGE achieved a market capitalization of $1 billion in January 2018 when it was worth more than the Japanese yen reported to the USD.

Robinhood cryptocurrency trading company was rumored in June that it’s developing its proprietary crypto wallet

Robinhood introduced Bitcoin (BTC), and Ethereum (ETH) trades at zero fees for the first batch of customers on its Robinhood crypto platform in February 2018. Robinhood crypto is now available in 17 different countries, supporting five cryptocurrencies and real-time market data.

In June, Bloomberg announced that Robinhood is in discussions with the Office of the Comptroller of the Currency (OCC) to secure a banking license. Based on well-acquainted sources, Robinhood seeks to provide financial services such as checking and savings accounts and surpass the competitors from traditional banking with better interest rates and a unique banking services platform.

Also, the company was rumored in June when job ads for cryptocurrency engineers popped up that it’s developing its own crypto wallet.

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About the Author: Anna Galvez

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