Robinhood, the popular commission-free trading app, announced today that it now supports the buying and selling of Dogecoin (DOGE), a cryptocurrency based on a popular online meme that boasts low-fee transactions and a scalable network.
Dogecoin is now available on Robinhood Crypto, commission-free. https://t.co/EAbLmaxtjN
— Robinhood (@RobinhoodApp) July 16, 2018
This news comes just one week after Robinhood announced that it now supports the buying and selling of Litecoin (LTC) and Bitcoin Cash (BCH). The new additions will join Bitcoin (BTC) and Ethereum (ETH) as available trading options for Robinhood investors.
Robinhood is currently available to United States investors in 17 states: AZ, CA, CO, FL, IN, MA, MI, MS, MO, MT, NJ, NM, PA, TX, UT, VA and WI.
The price of DOGE has been a solid downtrend over the last three months, dropping from $0.00456 to around $0.0027, representing a ~41% loss. However, since the announcement, DOGE has surged nearly 14% and now has a $315 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.