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Robinhood Now Accepting DogeCoin Trades

Robinhood Now Accepting DogeCoin Trades

Robinhood, the fee-free investing app, now offers support for the meme-favorite Dogecoin on its popular trading marketplace. This now increases the total number of cryptocurrencies to five.

Dogecoin is an ERC20 crytpo that had its beginning as just a joke. Believe it or not, it’s not that difficult to create a coin. Dogecoin was started as a play on the internet meme “Doge” which is a popular meme consisting of a Shiba Inu dog who mutters phrases like “such crypto, much blockchain, wow” – in the world of crytpo, that is.

Similar to Bitcoin, Dogecoin can be traded and mined and even used to purchase goods and services. It took off due to its already viral nature and putting a popular meme on a coin only further propelled it into the crytpo world. It went on to launch the Dogecoin Foundation which raised $50K in January 2014 to help pay for the Jamaican bobsled team to the Sochi Olympics and $30K to help Kenyans build water supply wells and other do-good efforts.

Dogecoin has done some real work in the world even though the coin started as a joke. It attracted a devoted community that gave it steam to become a $2B cryptocurrencies when it took off in January of this year. Over time, it fell in value. It now is worth about $380M at the time of this writing.

The coin is supported by popular crypto wallets like Ledger, Coinomi, Jaxx, and KeepKey.

Robinhood currently offers the following coins for investment:

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Dogecoin (DOGE)
  • Ethereum (ETH)
  • Litecoin (LTC)

Image via Facebook.

Long-time reader of crypto. One of the first graduating classes of Blockchain and Future Trends. Writer, journalist, and newbie technical analysis price speculator. Learning about the development of cryptocurrency and blockchain technology around the world is my job. ICOs, whitepapers, and cryptoculture are my things.

Disclaimer: Our authors may hold active positions in one or multiple cryptocurrencies discussed on this news portal. Opinions expressed at AWSMO are NOT investment advice and any investment in one or more cryptocurrencies may be high-risk and extremely volatile. Please due your due diligence before making any investments in any cryptocurrency. Your investments are your own risk and you assume full responsibility for your actions.

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