- The biggest meme cryptocurrency on the market Dogecoin (DOGE)listed by Mexico’s largest cryptocurrency exchange.
Bitso, Mexico’s leading cryptocurrency exchange, in the statement announced the listing of the popular meme coin Dogecoin on its platform. According to the announcement made via the exchange’s official Twitter account, this means that users can now trade the meme token on the Bitso platform. The exchange has also repeatedly stated that it will only support tokens created on the Dogecoin blockchain.
“Dogecoin has arrived on Bitso! Doge was founded in 2013 and the name and image of the project was inspired by the “Shiba Inu” dog breed. Although DOGE was originally a meme coin, it has significant commercial interest today.”
✨¡@dogecoin llegó a Bitso!✨
🐕Doge fue creada en el 2013 y basaron el nombre e imagen del proyecto en una raza de perros llamada “Shiba Inu”.
📊Aunque $DOGE inicialmente fuera una moneda breast, hoy en día tiene una importante tracción en el mercado. pic.twitter.com/dlw6IKbEGU
— Bitso (@Bitso) May 3, 2022
Bitso, alongside Dogecoin, rival meme cryptocurrency in January Shiba Inu (SHIB) Added support for As a result of the platform adding Dogecoin support, the stock market Sand (SAND), Gala (GALA), Enjin (ENJ), SushiSwap (SUSHI) etc. It increased the number of cryptocurrencies it supports to 33, including coins.
Bitso Continues to Take Big Steps
This exchange listing is important because Bitso is known as one of the largest cryptocurrency exchanges, earning itself the status of a cryptocurrency unicorn after successfully raising 250 million in a Series C funding round in May 2021. In fact, the platform easily became America’s first crypto unicorn, with a valuation of $2.2 billion at the time. Despite all this, the stock market has shown no signs of slowing down since then, especially with regard to its expansion plans.
Not only that, there are reports that the exchange aims to become the leading cryptocurrency exchange in Brazil by the end of 2022. In fact, as early as January, the American crypto unicorn had the opportunity to join Brazilian football club Sao Paulo FC. It is known to have accepted a 3-year partnership agreement with and appears to be a strategic partnership established to support the platform’s plans to lead the crypto exchange space in Brazil.
It’s also worth noting that in November 2021, Bitso partnered with crypto giant Circle to help facilitate seamless cross-border payments between Mexico and the United States.
Meanwhile, DOGE’s price has yet to be significantly affected at the time of writing this report. The meme coin is currently trading at $0.131, according to CoinMarketCap data.
By the way, at the time of writing, DOGE price does not appear to be significantly affected by these news. The meme coin is currently trading at $0.131, up nearly 2% in the last 24 hours, according to data from CoinMarketCap.
You can check the price movements here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.