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13 May 2021

Gemini Adds Dogecoin as Trading Frenzy Crashes Robinhood Again - Decrypt

Gemini Adds Dogecoin as Trading Frenzy Crashes Robinhood Again - Decrypt


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Gemini, a cryptocurrency exchange led by Tyler and Cameron Winklevoss, today buckled under the pressure of meme coin demand, at last adding Dogecoin to its trading platform.

Yesterday, social trading platform eToro also listed Dogecoin, making the meme coin one of the few cryptocurrencies listed outside cryptocurrency exchanges.

Even though many cryptocurrency exchanges such as Binance and Kraken list Dogecoin, Gemini’s listing today marks a milestone in the crypto industry as its CEO has thrown his unapologetic support behind the meme coin.

In a move that’s set to irk Bitcoin maximalists, Winklevoss generously compared Dogecoin to Bitcoin in that both “give the control of money back to the people.” Dogecoin, he said, carries the flag of Bitcoin.

“Yes, it’s a meme coin, but all money is a meme.

But critics say the Dogecoin party won’t last—it can’t, they say, given the coin’s economics: DOGE supply isn’t capped unlike many other cryptocurrencies like Bitcoin.

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