Coinbase Says Screw It, We’ll Let You Buy Doge

The cryptocurrency commutation program Coinbase has cave . After a long muteness to the hoards implore the ship’s company to let them trade Dogecoin , they ’ve decided to name the meme , adding a lustre of legitimacy to a cryptocurrency with illimitable supplying , which giant could squash with a whale - sized dump at any moment . Ona call with investorson Thursday , CEO Brian Armstrong said that Coinbase aims to list it in six to eight week .

The Doge rooter havebeen wonderingwhy Coinbase has been leaving money on the table . Doge now commands a heart - discontinue trading mass and an equally terror - inducing current marketplace cap of $ 72 billion — higher than77 percent of company listed on the S&P 500 . Fees vary with matt rates for lower purchases , but Coinbase typically charges users a 1.49 % fee on transactions made through your banking company account . So if , say , Coinbase users bought $ 1 billion of Dogecoin and all HODLed , Coinbase would pocket $ 14.9 million . ( This is if they do n’t pay with a debit placard or PayPal , in which casing Coinbase gets 3.99 % in a transition fee . )

Armstrong did n’t stop at announcing Doge ’s arriver on the political platform . He summate this baseless prognosis :

Illustration: Richard Drew (AP)

I think it ’s go to be something , kind of , like apps in the App Store or on the iPhone where there ’s finally meg of these assets created over time and so we ’re putting a deal of work and thought into how do we accelerate our pace of asset addition , and one of those is Doge , as you mentioned , which has been getting a lot of attention recently .

find - a - lot - of - attention - recently : sort of like CDs , Smash Mouth tickets , the Gap , TRIMSPA , and people run “ executive achiever programs . ”

The idea that cryptocurrency will have prospicient - condition note value mostly hinge , at least forsome analyst , on the idea of scarcity , that Bitcoin will be useful outside of the currency exchange trade , and once all the Bitcoin has been mine , you want to be holding the Bitcoin when everybody who missed out ask Bitcoin . Doge is the equivalent weight of ceaselessly printing money , with a current tangible value rest on Elon Musk ’s ability to keep upping the ante , whichcould escalateto a Doge - funded space station at the rate he ’s go . WallStreetBets does n’t even desire people talking about it because the market is “ little account and pump & dumps . ”

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Let ’s get a second opinion . Adam Zadikoff , COO of the crypto pocketbook BRD , told CNBCthe following :

My guess is that [ the rally ] wo n’t last , particularly for something like dogecoin which was never meant to be a payment system or a store of value . Yes , you may make a quick buck if you clock it right , but timing the marketplace is a terrible affair to seek to do . It does not work .

Consider investing inPokemon cards .

Argentina’s President Javier Milei (left) and Robert F. Kennedy Jr., holding a chainsaw in a photo posted to Kennedy’s X account on May 27. 2025.