The “longest-running cryptocurrency exchange” Bitstamp has added the meme-inspired cryptocurrency Dogecoin ($DOGE) and two trading pairs, allowing users to swap DOGE for USD or EUR.
According to a release from the exchange, the listing was introduced with the same policy as other assets on Bitstamp, which means there are no trading fees for total trading volumes up to $1,000 for the preceding thirty days.
Bitstamp was formed in 2011 and registered in the United Kingdom and Luxembourg in 2013 and 2014, respectively. It has an “about 400-person worldwide workforce” with offices in the United Kingdom, Luxembourg, the United States, Singapore, and Slovenia. It is presently accessible in over 100 countries and has over four million users worldwide.
Notably, the exchange added $DOGE months after adding the rival meme-inspired cryptocurrency Shiba Inu ($SHIB) in June. Bitstamp might have been the 100th cryptocurrency exchange to list the SHIB, but the honour finally went to Rain, a Middle Eastern cryptocurrency exchange.
Bitstamp’s new listing comes at a time when the market capitalization of Nasdaq-listed cryptocurrency exchange Coinbase (NASDAQ: COIN) has slipped below that of DOGE, as the exchange’s market cap is below $8 billion and DOGE’s market cap is above $10 billion.
This week, the biggest whale on Dogecoin’s network transferred almost $280 million worth of cryptocurrency to a new address, which is now the fifth largest on the network.
Also Read: SEC Official Warns Crypto Investors To Be “Extremely Careful” Of Proof-Of-Reserve Audits
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