Dogecoin Hits the Big Leagues: Elon Musk’s Favorite Cryptocurrency Now Listed by Huobi
Veteran exchange Huobi announced today that it would be listing three pairs for Dogecoin: DOGE/BTC, DOGE/ETH, and DOGE/USDT.
When Moon?
Dogecoin recently experienced a significant pump but has corrected on its BTC peg in the interim. The limitless supply cryptocurrency created by Jackson Palmer in 2014 has historically ranged between 50 and 100 Satoshis per coin, sometimes reaching as high as 2-300.
The currency is widely traded and used in many places that also accept Bitcoin, Litecoin, and Ethereum, including gambling sites and payment processors. Notably, it is one of the oldest cryptocurrencies with a reasonable hashrate not to be offered by Coinbase for sale.
Huobi Calls Doge “High-Quality”
Huobi writes in their announcement:
In a dedicated effort to provide our customers with carefully vetted and high-quality trading options, we are announcing support for a new addition to the Huobi Marketplace: Dogecoin (DOGE).
Perhaps intentionally, the team did not announce this news on April fool’s day, when people might have taken that wording for a joke. While some still view Dogecoin as a “joke,” we have previously noted here that the cryptocurrency – based on a meme – maintains a high degree of liquidity and trading platforms.
You’d Be Surprised How Many Places You Can Trade Doge Against Fiat Stablecoins
Aside from Huobi, several other exchanges offer stablecoin pairs for Dogecoin, which enables traders to visualize a fiat value for the crypto. Huobi Global (hbg.com) is the eighth largest crypto exchange by trading volume, as of press time. Trading and withdrawals will begin a few hours from now, at 7 PM PST. You can deposit on Huobi.com and HBG.com.