Major Philippines Crypto Exchange Commences Trading of Dogecoin
Dogecoin has been added to the Coins Pro trading platform of Philippines-based cryptocurrency exchange Coins.ph. The move gives Dogecoin, which features a canine motif, wider acceptance in the mainstream financial world. The cryptocurrency is down 9.4% in the last two weeks and lost 8.5% in the last 30 days, as per data from cryptocurrency market tracker Coingecko. However, despite poor market conditions, the meme coin has kept its appeal, with no sign of slowing adoption. Coins.ph also provides traditional financial services and offers more than 16 million members worldwide the ability to buy and trade cryptocurrencies, including bitcoin and ethereum. Coins.ph has multiple channels for consumers to fund their accounts, including bank transfers, money remittances, and e-wallets. Dogecoin has long been championed by billionaire entrepreneur and CEO of Tesla, SpaceX, and Twitter, Elon Musk, who frequently tweets in favour of the cryptocurrency. One of Musk’s memorable tweets about Dogecoin occurred in December of 2020, when he tweeted a Shiba Inu meme with the phrase “One Word: Doge,” causing the price of Dogecoin to soar. The Philippine trading site recently tweeted “Who let the DOGE out?” regarding the addition of Dogecoin to its platform.