Elon Musk tasks Coinbase to add dogecoin to its exchange listing as the asset grows

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On Friday, a question was put to Musk on Twitter about Coinbase’s dogecoin listing. The user wrote, “Hi Elon, I saw a story that Coinbase was used to buy the Tesla BTC (nice entry btw). Do you think that Coinbase should make dogecoin available on their platform? It would make it possible for many people to access DOGE.” The CEO of Spacex simply replied: “Yes” with an exclamation point.

Elon Musk Wants Coinbase to List Dogecoin

Elon Musk wants the cryptocurrency exchange Coinbase to add dogecoin to the cryptocurrency chart.

On Friday, a question was put to Musk on Twitter about Coinbase’s dogecoin listing. The user wrote, “Hi Elon, I saw a story that Coinbase was used to buy the Tesla BTC (nice entry btw). Do you think that Coinbase should make dogecoin available on their platform? It would make it possible for many people to access DOGE.” The CEO of Spacex simply replied: “Yes” with an exclamation point.

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Elon Musk Wants Coinbase to List Dogecoin as the Cryptocurrency's Adoption Grows

Coinbase does not officially endorse dogecoin, a meme coin featuring Shiba Inu. The Crypto Exchange is due to go public with a Nasdaq direct listing. Its valuation soared to over $100 billion ahead of the IPO.

On Saturday, Musk tweeted, “Doge Day Afternoon,” and went on to explain the “Origin of Doge Day Afternoon.” The Tesla CEO wrote, “At the beginning of the Doge Days, the ancient Romans sacrificed a dogecoin to calm the wrath of Sirius, thinking that the star was the source of the hot, sluggish weather.”

He continued:

Why are you so dogematic, they ask … I’m getting a Shiba Inu #resistanceisfutile.

Musk was elected dogecoin CEO in a 2019 Twitter poll, but previously said that any of his dogecoin-related tweets were not intended to be taken seriously. “Occasionally, I make jokes about dogecoin, but they’re supposed to be jokes. Dogecoin was created as a prank to make cryptocurrencies pleasant. Obviously,” Musk said in a Clubhouse interview, where he also roasted Robinhood’s CEO about Gamestop.

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Dogecoin’s adoption has been boosted by Musk’s numerous tweets and celebrities’ encouragement, such as Shark Tank Star Mark Cuban. Bitpay recently added DOGE to the list of approved cryptocurrencies and a growing number of crypto ATMs now supporting dogecoin.

The Cuban NBA team, the Dallas Mavericks, has been accepting dogecoin tickets and goods via Bitpay. He tweeted on March 6:

The Dallas Mavericks have done more than 20,000 dogecoin in transactions, making us the largest dogecoin merchant in the world.

“We thank all of you and can only say that if we sell another 6,556,000,000 dogecoin worth of Mavs merch, dogecoin will definitely hit $1,” he added. At the time of writing, the price of DOGE is below $0.06.

Meanwhile, Mike Novogratz, a bitcoin bull, says that Cuba is making a mistake by having the fans of his football team pay with dogecoin. “I think there’s an error made by Mark. He’d be better off with 15 other ways to pay for his fares,” Novogratz said, expressing fear that investors could get hurt by putting money into dogecoin. “Let’s place people in the easiest, the best things, not, you know, the prank coins,” said Galaxy Digital CEO.

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