What Occurred: Robinhood Chief Working Officer Christine Brown introduced on Twitter that the primary alpha switch of Dogecoin from a Robinhood pockets to an exterior pockets was achieved final week.
Brown additionally shared a screenshot of the switch of 420.71 dogecoins ($92.55) for a community payment of 0.02 DOGE, including that transfers between Robinhood wallets or clients won’t incur a community payment.
The Dogecoin switch was appreciated by the meme cryptocurrency’s co-creator Billy Markus, who goes by the username Shibetoshi Nakamoto on Twitter.
Markus described the event as “big.”
yo, that is big
0.02 DOGE payment additionally https://t.co/n2k6lF8XxI
— Shibetoshi Nakamoto (@BillyM2k) November 22, 2021
See Additionally: How To Purchase Dogecoin (DOGE)
Why It Issues: Crypto fanatics have urged corporations like Robinhood so as to add cryptocurrency wallets. The combination of the long-awaited function on Robinhood would enable customers to retailer in addition to switch cryptocurrencies.
Brown mentioned earlier this month that Robinhood has 1.6 million individuals on the waitlist for its cryptocurrency wallets.
Robinhood helps shopping for and promoting for Bitcoin, Bitcoin Money, Bitcoin SV, Dogecoin, Ethereum, Ethereum Traditional, and Litecoin.
Value Motion: Robinhood Markets shares closed nearly 4% decrease in Monday’s buying and selling at $27.84 and additional misplaced 0.1% within the after-hours session to $27.80.
Dogecoin is down nearly 1% over the past 24 hours, buying and selling at $0.2200 at press time.