July 25, 2021

Payment platform of the first public crypto exchange added Dogecoin

Coinbase Commerce serves 8,000 merchants worldwide, including one of the oldest in the world auction houses Sotheby's.

Crypto exchange Coinbase announced the addition ofDogecoin to its Coinbase Commerce payment platform. The company claims that the service serves over 8,000 retail outlets around the world. In May, one of the world's oldest auction houses, Sotheby's, began accepting Bitcoin and Ethereum through the platform. The service also supports Bitcoin Cash, Litecoin and USDC stablecoin.

Dogecoin has been added to the marketplace forprofessional trading Coinbase Pro in early June. Against the background of the listing, cryptocurrency quotes rose by 34%. At the same time, altcoin is not yet represented on the main crypto exchange Coinbase.

Dogecoin ranks eighth in the list of the largest cryptocurrencies in terms of capitalization. Over the past day, the price of the asset has risen by 10%, to $ 0.19, according to CoinGecko.

In the spring, Coinbase entered the NASDAQ exchange bypassingIPO procedures, through direct listing. At the peak, the value of the company's shares reached $ 429.5, but then they entered the stage of decline. As of July 22, 12:10 Moscow time, at the premarket, the price of securities of the first public crypto-exchange is $ 231.