Major US Cryptocurrency Exchange Adds Dogecoin to Trading Pairs: Full Update

Kraken Pro, a sophisticated digital asset exchange, recently included a new currency duo: DOGE/GBP for trading, following the previous launch of a DOGE/AUD pair. This indicates the platform’s ongoing efforts to diversify its Dogecoin trading capabilities internationally.

With the incorporation of the DOGE/GBP trading pair, investors can now exchange Dogecoin with the British Pound directly. This is anticipated to foster better liquidity and provide easier access to DOGE investments, offering a wider variety of trading options for cryptocurrency participants.

In a related development earlier in the week, Kraken’s US arm introduced the DOGE/AUD trading option for exchanging Dogecoin with the Australian Dollar. These offerings represent Kraken Pro’s initiative to meet demand for Dogecoin and to service a diverse, international customer base with an array of fiat currency pairings.

Furthermore, the addition of these new trading pairs coincides with a surge in interest for Dogecoin, spurred by its active community and expanding applications.

Dogecoin’s 10% Decline

Amidst a broader market retreat, Dogecoin experienced a noticeable 10% value decrease. This downswing is part of a widespread selloff in the crypto market, where liquidations have surpassed $410 million and affected predominant digital currencies such as Bitcoin and Ethereum, along with Dogecoin.

This downturn left Dogecoin at a low, touching $0.1399 at one point in Friday’s trading. Going by the latest data, DOGE’s price had dropped 8.47% in the preceding 24 hours, standing at $0.146.

Prior to this collapse, Dogecoin had maintained a support level above the daily SMA 50 at $0.155, which was breached during the downturn. DOGE has since returned to its mid-April rate, only after momentarily surpassing it in late May.

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