Coinbase starts trading via meme cryptocurrency, gives away $1.2 million Dogecoins
Image Credit: Business Insider
On Thursday, Coinbase announced that it will give away $1.2 million in dogecoin to encourage people to adopt its newest cryptocurrency trading option. The news and a tweet from Elon Musk, boosted the value of dogecoin by as much as 41%. To be eligible for the sweepstakes, users must purchase or sell $100 in DOGE through Coinbase by June 10th. Dogecoin has the 6th largest market value among all cryptocurrencies, at $52.3 billion.