Elon Musk Urges Coinbase To List Dogecoin: Report

Elon Musk urges Coinbase to list Dogecoin as the coin proves to be a worthy altcoin so let’s read more in our latest dogecoin news today.

The Twitter space launched a question that caught the eye of Tesla’s CEO and asked:  “Do you think Coinbase should enable Dogecoin on their platform?” and Musk replied with “YES!”

Musk is no stranger to crypto so in early February with the US Securities and Exchange Commission filing disclosed that his company purchased $1.5 billion in BTC but before that, Musk was pumping the meme coin to a point where one DOGE tweet caused a surge of about 40% in the crypto’s price in only 30 minutes. Dogecoin was created in 2013 by software programmers Jackson Palmer and Billy Markus with the pair creating the coin in a response to the BTC spinoff.

ur welcome pic.twitter.com/e2KF57KLxb

— Elon Musk (@elonmusk) February 4, 2021

After bitcoin’s bull market took off in the winter with celebrities like Musk boosting Dogecoin which over the past month hit a market cap of $17 billion. He is not alone here as the bullishness for the coin is high among celebrities as rapper Lil Yachty announced that he will be investigating a third of his savings to the coin. The following month he was joined by Gene Simmons and Snoop Dogg which announced they made purchases of the currency as well which is why Elon Musk urges Coinbase to list the coin already.

Back in January, DOGE was valued at $0.0078 and this increased almost tenfold to $0.047 so a sharp correction ensued when the coin dropped to $0.047 which is a sixfold increase from the initial position. Coinbase is known to be slow when adapting coins so with its rival Binance focusing on adding as many coins as possible. Coinbase had an added level of corporate bureaucracy to contend with whenever it tried to make some new changes. Seeing no returns coming from the coin, the exchange quickly forgot its plans to enable DOGE trading on the platform.

Hi Elon, I saw a report that Coinbase was used for the Tesla BTC purchase (nice entry btw)

Do you think Coinbase should enable Dogecoin on their platform? It would enable many folks to easily access DOGE

— 💸💸💸 (@itsALLrisky) March 12, 2021

Coinbase started to add more coins as of late after hiring the tech entrepreneur Balaji Srinivasan in 2018 but the coin never actually made it. What started as a joke, evolved in the 15^th biggest crypto by market cap, with a team of developers behind it and new upgrades to the software and it even lost billions for not hosting the coin. Given its volatility, the exchange could have just protected its reputation.