Kraken Pro, an advanced cryptocurrency trading platform, has announced the inclusion of a new trading pair: DOGE/GBP. This addition comes just days after the exchange introduced the DOGE/AUD pair, signaling its commitment to expanding its offerings for Dogecoin traders around the world.
Kraken Pro, an advanced cryptocurrency trading platform, has announced the inclusion of a new trading pair: DOGE/GBP. This addition comes just days after the exchange introduced the DOGE/AUD pair, signaling its commitment to expanding its offerings for Dogecoin traders around the world.
The introduction of the DOGE/GBP trading pair allows traders to directly trade Dogecoin against the British pound. This move is expected to improve the liquidity and accessibility of DOGE in the cryptocurrency market, providing more options for users to interact with the popular cryptocurrency.
Earlier this week, the US-based affiliate of crypto exchange Kraken listed the DOGE/AUD pair, allowing Dogecoin to be traded against the Australian dollar (AUD). By offering direct trading pairs with fiat currencies such as the British Pound and the Australian Dollar, Kraken Pro aims to meet the growing demand for Dogecoin trading in different regions. These additions reflect the exchange’s strategy to support a diverse and global user base.
Kraken Pro’s decision to list these pairs could also be a response to the growing demand for Dogecoin, which has seen a resurgence in popularity thanks to its vibrant community and growing use cases.
Dogecoin drops 10%
The cryptocurrency market experienced a major drop, with Dogecoin (DOGE) witnessing a sharp 10% drop in its value. This drop is part of a broader market decline in which liquidations exceed $410 million, affecting major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin.
Tomiwabold OlajideDogecoin was not immune to market movements, falling to lows of $0.1399 during the trading session on Friday before recovering slightly. At the time of writing, DOGE was down 8.47% in the last 24 hours to $0.146.
Before the drop, Dogecoin was holding above the daily 50 SMA at $0.155, a level it has now lost due to the market decline. Dogecoin has now returned to its previous trading range, which it was in in mid-April until briefly surpassing it in late May.
