The Tesla CEO thinks that Dogecoin should be listed for trading on Coinbase, which is the largest exchange in the United States since it has an history of listing less popular assets, so it should consider listing Dogecoin.
According to the tweet, Coinbase should list the crypto as soon as possible. Currently, the cryptocurrency is estimated at $100 billion. And already Tesla has made about $1.5 billion bitcoin purchases.
— Elon Musk (@elonmusk) March 13, 2021
But Coinbase is still hesitant at listing the Shiba Inu-themed crypto that is so far ranked No 15. The crypto is the 15th largest crypto and is currently trading at 0.056 USD. The coin soared to $0.088 in February, when the world’s media focused on Gamestop stories.
It is important to note that Coinbase announced its support of Dogecoin in the middle of 2019, allowing the users to store the tokens. However, Coinbase has been hesitant to allow investors to trade Dogecoin despite the massive excitement the asset has generated in the market. But it isn’t easy to understand why it listed the little-known digital assets like Polygon (MATIC) and SushiSwap (SHUSHI) and not the Doge asset.
Meanwhile, the Binance account shows that the Dogecoins accounts (DOGE/USD pair ) for about 8.17 percent of its trading volume. Also, the asset is available on Bittrex, Kraken, and Hobi.