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- Dogecoin has been listed on the leading trade platform of eToro after the users demanded for it
- The eToro users can now trade the actual coin or the derivative based on the price of the coin
- Since the trading platform listed the coin DOGE has been observed achieving a new all-time high
Dogecoin is a meme-based token that is currently experiencing mainstream adoption. The coin has presently been high in demand in the cryptosphere. Recently, eToro, one of the world’s leading social trading platforms that offer both stocks and cryptos to trade, has listed Dogecoin. According to eToro, the exchange-listed the meme-based crypto coin after observing high demand from its users. Hence, the users of the leading platform can gain exposure to the actual DOGE and trade derivatives based on the price of the coin.
Dogecoin has achieved a significant milestone
eToro announced on Monday that the platform is about to include Dogecoin, which is the most in-demand crypto asset from its users. The announcement tweets thread also included a meme.
The listing of DOGE on the platform of eToro is highly significant for the community. eToro has more than 20 million users registered in the last few months. At the beginning of this year, the platform had 17.5 million users. Hence, now many such users are allowed to access the meme-based crypto coin.
eToro users can trade DOGE in two way
However, according to the announcement, the users of eToro can now trade DOGE in two ways. First, the users can buy the actual coin and trade them on the platform with 1x leverage. Secondly, the users can trade the derivatives based on the price of the underlying coins.
On the other side, the users will not have to worry about the fees on the platform. eToro offers a straightforward and comprehensible fee structure, and the users don’t have to worry regarding hidden charges or unexpected fees. Hence, the DOGE traders will have to pay the percentage when they open the position, but the spread/fee is adjusted after the user closes their position.
DOGE has achieved new ATH
Last week, Elon Musk, the CEO of Tesla, called himself the Dogefather. Since then, the coin has been performing bullishly, achieving new all-time highs. However, after eToro announced the addition of DOGE, the price continued its bullish momentum and gained a new all-time high surpassing $0.4467.
