The price of Dogecoin has surged by more than 30 percent following an announcement that the cryptocurrency will be listed on Binance exchange. Binance in a support article stated that DOGE will be listed on the exchange by midday.
As at press time, the crypto was already available to trade on Binance against the following trading pairs: DOGE/BNB, DOGE/BTC, DOGE/USDT, DOGE/USDC and DOGE/PAX.
Although Binance are quite picky with regards to their listings, CEO of Binance, Changpeng Zhao confirmed that the listing was an exception. While explaining the listing in a tweet, he said:
This one is an exception, as there isn’t much new tech development (I guess it was never about the tech for this one). The users/community is large, and a famous “ex-CEO” Elon Musk helps!
Dogecoin which has been dubbed meme coin is “an open source peer-to-peer cryptocurrency, favored by shibas worldwide.”