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Robinhood lists Dogecoin, prices surge by 20%

Dogecoin has roared to life in the wake of news that the digital asset has successfully listed on Robinhood’s Crypto Platform.

Written by Bryan Smith Published on

Very Robinhood. Much list. Such moon.

That is, at least, the sentiment behind Dogecoin holders today, as Robinhood – the US-based cryptocurrency platform – has now confirmed that it has listed the asset for trading.

Available in seventeen US states, Robinhood’s cryptocurrency platform first drew acclaim for its decision to launch zero-fee Bitcoin and Ethereum trading earlier this year.

The platform now further offers consumers access to Litecoin and Bitcoin Cash – expanding the number of listed cryptocurrency assets to five.

Robinhood has drawn acclaim not just for its focus on offering zero-fee trading, but its roster of celebrity investors as well.

Earlier this year, the platform benefitted from the news that Jay Z – through his firm Arrive Venture Capital – announced a new investment in the service that echoes the previous backing of artists such as Snoop Dogg and Nas.

Dogecoin itself has attracted investment despite its quirky and unorthodox nature. The cryptocurrency began itself as a parody of a Japanese Shiba Inu named Kabosu, and has since staked a total market cap of $334 million USD.

At its peak in January 2018, the cryptocurrency bore a total market cap close to $2 billion USD, and traded at $0.017 USD.

Dogecoin holders have adopted their own quirky culture – the cryptocurrency’s community has embraced charitable causes and have collectively funded other ventures such as Jamaica’s bobsled team, and even certain NASCAR drivers.

In the wake of the news, Dogecoin has surged by 20.72% day-on-day, and at press time trades for $0.002912 USD.

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Written by

South African technology journalist, podcaster, photographer and filmmaker. Hodling - BTC, NEO, ETH.@bryansmithsa

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