Disclaimer: We may earn a commission if you make any purchase by clicking our links. Please see our detailed guide here.

Follow us on:

Google News

Musk, In a Tweet Mentioned That Coinbase Allows Dogecoin to Be Traded on Its Platform

Bipasha Mandal
Bipasha Mandal
Bipasha Mondal is writer at TechGenyz

Join the Opinion Leaders Network

Join the Techgenyz Opinion Leaders Network today and become part of a vibrant community of change-makers. Together, we can create a brighter future by shaping opinions, driving conversations, and transforming ideas into reality.

On March 13 in a reply to another Tweet, Tesla CEO Elon Musk admitted that Dogecoin can trade on Coinbase and that Coinbase would definitely allow that. Coinbase is a digital currency exchange platform, based in San Francisco. It is one of the most secure platforms to buy, sell and store cryptocurrency like bitcoin.

Co-incidentally, in the US, Coinbase is also estimated to be one of the largest new listed companies in the cryptocurrency area in 2021. This ultimately makes the platform one of the important ones, and trading on it, or rather not being able to trade on it, might significantly affect cryptocurrency investors. If Coinbase allows the trading of Dogecoin on its platform it would be huge for the investors and blockchain technology advocates.

A sudden rise in popularity of any kind of company, in the past, has also been directly related to Elon Musk’s related tweets. This sudden increased interest in Dogecoin is not something different. A few weeks ago, Musk posted articles that dealt with Dogecoin on various social media platforms, and he apparently posted 8 messages related to Dogecoin online in a row.

He even posted a meme of Rafiki from the Lion King, holding up a dog, with the caption “Dogecoin is everyone’s currency.” His subsequent also deals with the same subject: “You don’t need to be a super boss”, “There are no highs, now lows, only dogs.” As could be expected, this caused the currency to skyrocket. Some reports claim that Dogecoin experienced the highest intraday increase up to 1000%.

However, the U.S. Securities and Exchange Commission has taken the decision to investigate this Dogecoin platform and Musk’s tweets about Dogecoin. Still, Musk seems to be taking this very lightly as he later tweeted, “I hope they will investigate. It will be great.”


Partner With Us

Digital advertising offers a way for your business to reach out and make much-needed connections with your audience in a meaningful way. Advertising on Techgenyz will help you build brand awareness, increase website traffic, generate qualified leads, and grow your business.

Power Your Business

Solutions you need to super charge your business and drive growth

More from this topic