Kraken Pro has listed DOGE/GBP and DOGE/AUD pairs to boost global trading. This has led to increased activity among large Dogecoin holders, with over 150 transactions exceeding $1 million.
Kraken Pro has added a new trading pair, DOGE/GBP, to its platform. This follows the recent introduction of the DOGE/AUD pair, showing Kraken Pro’s commitment to expanding options for Dogecoin traders globally.
Kraken Pro Expands Dogecoin Trading with New Pairs
Source: X
Trade Dogecoin directly against the British Pound with the launch of the DOGE/GBP trading pair. This move is expected to enhance DOGE’s liquidity and accessibility in the cryptocurrency market, providing more ways for consumers to interact with the popular cryptocurrency.
Earlier this week, Kraken Pro, a subsidiary of the U.S.-based Kraken cryptocurrency exchange, listed the DOGE/AUD pair. This addition allows for trading Dogecoin against the Australian Dollar (AUD).
By offering direct trading pairs with fiat currencies like the Australian Dollar and British Pound, Kraken Pro aims to meet the growing demand for Dogecoin trading across borders. These updates demonstrate the exchange’s commitment to serving a diverse international user base.
Kraken Pro’s decision to offer these pairs may also be a response to the increasing demand for Dogecoin, which has seen a resurgence in popularity due to its active community and expanding applications.
Source: X
Additionally, well-known cryptocurrency analyst Jason Marks has noted that the current DOGE pattern suggests a potential rise to new highs, possibly above $10, in the near future.
Dogecoin Faces Significant Decline Amid Market Downturn
Dogecoin (DOGE) experienced a steep 10% decline in value during the major downturn in the cryptocurrency market. This fall is part of a broader market slump that has impacted major cryptocurrencies like Ethereum and Bitcoin, leading to liquidations exceeding $410 million.
At the time of writing, DOGE was trading at approximately $0.1457. It had fallen 1.60% in the previous 24 hours and showed a negative trend with an 8.91% drop over the past 7 days, according to CoinMarketCap.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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