Dogecoin is having a great 2021, as the skyrocketing success of the meme coin is now in every investor’s mind. In the latest development, Coinbase has announced listing the meme coin after its massive gains.
As per reports,
Most of the capital is driven by the increased profits in cryptocurrencies. The Exchange has benefited from the fees generated by every trade made on the platform.
The official announcement from Coinbase Global Inc makes note of the release of its first-quarter 2021 shareholder letter, where the shareholder letter includes the financial results of the company. The exchange also benefited from the IPO, which has undoubtedly increased confidence in the brand. Since Coinbase has become a benchmark for the U.S. institution, the investors seek opportunities to further increase their exposure in the crypto-sphere.
As per the data, Coinbase shares have shown a significant surge of 3% in the after-hours trading session, which surely brought positive results. The leading cryptocurrency exchange in the United States, Coinbase, facilitates a trading platform, a wallet, a custody service, and blockchain analytics services to its users.
As the announcement came from the leading crypto exchange of the United States, for listing Dogecoin, in a span of six to eight weeks, the price of the meme cryptocurrency is making investors turn their heads towards it.
According to Brian Armstrong, CEO of Coinbase,