— Binance (@binance) July 5, 2019
According to the announcement, Dogecoin is already available for trading with BNB, BTC, USDT, PAX and USDC trading pairs
The reasoning behind the sudden listing of one of the oldest cryptocurrencies is seemingly fairly straightforward: people simply love Dogecoin.
“This one is an exception [to Binance’s strict listing policies], as there isn’t much new tech development (I guess it was never about the tech for this one),” explained Binance CEO Changpeng Zhao. “The users/community is large, and a famous ‘ex-CEO’ (cough Elon Musk) helps!”
As we previously reported, Musk has claimed that his favorite crypto is Dogecoin, and even went as far as to call himself the CEO of the project for April Fool’s Day this year.
The surprise listing has Dogecoin up over 16% on the day to $0.003838, giving the altcoin a $461.4 million market cap.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.