New 'Japanese' Dogecoin (DOGE) Listing Hits Binance
Release: 2024/08/22 23:19 Reading: 969
Dogecoin Surges on Binance Global Listing
Cover image via U.Today
Dogecoin (DOGE), the popular meme cryptocurrency, has made a triumphant return to Binance, the world's largest crypto exchange. This new listing pairs DOGE with the Japanese yen (JPY), providing global access to the meme coin's trading.
The listing was announced yesterday, and trading commenced today. The price of DOGE against JPY initially surged over 13%, but quickly stabilized to levels consistent with other exchanges. Data from Japanese exchanges such as Bitbank indicates that the price spike was exclusive to Binance.
While DOGE/JPY still trades at a premium on Binance, the spread with Bitbank has narrowed to below 0.1 JPY per Dogecoin.
Dogecoin's Origins and Binance's Significance
Dogecoin was inspired by the Shiba Inu meme featuring Kabosu, a dog rescued from a Japanese animal shelter in 2008. The new Binance listing holds special significance in this context.
The listing follows Binance's earlier move in March, when it added JPY pairing for Bitcoin, BNB, and Ethereum on its global platform. The exchange also introduced zero fees for spot trading pairs involving JPY.
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