Representatives of the US division of the largest cryptocurrency exchange Binance recently announced that this trading platform is starting to trade Dogecoin (DOGE) cryptocurrency. The exchange confirmed that the DOGE/USD pair will officially debut in Binance US from October 24 (21:00 Eastern time/18:00 Pacific time).
— Binance.US (@BinanceAmerica) October 24, 2019
DOGE has been available on the Binance trading platform since July of this year when the platform listed meme cryptocurrencies along with five trading pairs: DOGE/BNB, DOGE/BTC, DOGE/USDT, DOGE/PAX, and DOG /USDC.
DOGE rose in price right after the listing on Binance, which inspired many users to be optimistic about the coming altcoin season.
Today’s announcement, however, has not had a significant impact on the value of this asset yet. The cryptocurrency market has not yet recovered after the collapse of October 23, when Bitcoin’s price fell sharply by more than $500 in a short period of time. Almost all major altcoins also were hit due to the rapid devaluation of Bitcoin on Wednesday, and the reason is still unknown. But the possibility of large-scale manipulation of the price of BTC cannot be ruled out.
Dogecoin arose as a joke currency after Billy Marcus, a Portland developer, decided that it would be funny to create a cryptocurrency after a cult meme doge. The joke turned into something more, getting into the top 30 cryptocurrencies in terms of market size.