Dogecoin Gets New Trading Pair on Major US Crypto Exchange: Details

Kraken Pro Lists DOGE/GBP Trading Pair

Kraken Pro, an advanced cryptocurrency exchange, recently announced the listing of a new trading pair: DOGE/GBP. This comes shortly after the introduction of the DOGE/AUD pair, demonstrating the exchange's commitment to expanding its offerings for Dogecoin traders worldwide.

Enhanced Liquidity and Accessibility

The DOGE/GBP trading pair allows traders to trade Dogecoin directly against the British Pound. This move is expected to improve liquidity and accessibility for DOGE in the crypto market, providing users with more options to engage with the popular cryptocurrency.

Support for Global Demand

Kraken Pro also listed the DOGE/AUD pair earlier this week, enabling Dogecoin trading against the Australian Dollar. By offering direct trading pairs with fiat currencies, the exchange aims to meet the growing demand for Dogecoin trading in various regions, supporting its diverse and global user base.

Dogecoin's Resurgence and Market Dip

Kraken Pro's listing of these pairs may be influenced by the increasing popularity of Dogecoin, driven by its active community and expanding use cases.

However, the cryptocurrency market has recently experienced a downturn, resulting in a 10% decline in Dogecoin's value. Dogecoin dipped to $0.1399 during Friday's trading, but has since rebounded slightly. As of the time of writing, DOGE was down 8.47% in the last 24 hours to $0.146.

Prior to the dip, Dogecoin had been trading above the daily SMA 50 at $0.155, but has since fallen below this level due to the market crash. Dogecoin has now reverted to its previous trading range, where it remained until briefly breaking above in late May.