The UK company’s chief crypto officer Ed Cooper told Revolut users that the platform is adding support for DOGE in response to growing demand for the Shiba Inu-themed token.
“One of the most popular user requests over the past two months has been to add Dogecoin, and we’ve answered the call.
We have just launched Dogecoin in-app. So now crypto enthusiast customers and those new to the game can buy and sell this popular token.
Revolut’s listing comes after the crypto exchange Coinbase rolled out support for DOGE, allowing Coinbase Pro users to trade the crypto asset on June 3.
Dogecoin was originally created as a joke, but with billionaire Elon Musk and other celebrities promoting and discussing the coin, DOGE is now the sixth largest crypto asset by market cap.
Digital Currency Group CEO Barry Silbert, dubbed the ‘King of Cryptos’ by CNBC, says DOGE is here to stay despite its very origins. He warns, however, that the token is currently too expensive.
“It’s not worth $ 37 billion. Sorry…
If all the value of something comes from a collective belief – and not from usefulness or usefulness – then [DOGE] is overvalued.
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Image en vedette: Shutterstock / petrov-k