Binance Rolled Out New Dogecoin Trading Pair

Binance has just rolled out the new Dogecoin trading pair. Check out the effect that this had below.

According to the latest reports, the world’s largest crypto exchange by volume has launched a new trading pair for Dogecoin (DOGE) as the top memecoin continues to consolidate.

Binance customers can now swap DOGE with the stablecoin TrueUSD (TUSD).

TUSD, which aims to maintain a 1:1 peg to the US dollar, is the fifth-largest stablecoin by market cap.

As noted by the online publication the Daily Hodl, Dogecoin is trading at $0.0806 at the time of writing. The ninth-ranked crypto asset by market cap is up 0.25% in the past 24 hours, 2.7% in the past seven days, and more than 7% in the past month.

Markus, known on Twitter as Shibetoshi Nakamoto, also said that Dogecoin was started as a joke to make fun of the crypto scene.

“DOGE was made 10 years ago to make fun of how stupid the scene was back then. It’s even stupider now, and people are just playing poker against each other and trying to dump their bags on each other. It doesn’t bother me, that’s just all it is.”

The US subsidiary of leading crypto exchange Binance is backing out of the $1.3 billion deal to acquire the assets of bankrupt crypto lender Voyager Digital.

Just last month, you may recall that a bankruptcy court gave Binance.US and Voyager the green light to push through with the sale after ruling against the argument of the U.S. Securities and Exchange Commission (SEC) that parts of the agreement could violate securities laws.

In a new statement, Binance.US announced that it is calling off the asset purchase agreement. The crypto exchange was citing regulatory uncertainties. Stay tuned for more news from the crypto space.