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Revolut launches Dogecoin as another push towards cryptos

Revolut has just launched trading of crypto Dogecoin on its platform and will add new cryptocurrencies every week to the super-app.

Read also: Revolut Business adds Clear Books accounting software integration

Revolut announced this previously with a statement: “2021! Revolut’s year of crypto. A whole year to bring you new features, new tokens, and a few other surprises along the way. You asked for new tokens, we’ve delivered. We’ve been tracking hot tokens and top movers to bring our UK and EU customers 11 new cryptocurrencies.”

However, Revolut recommends a conscious approach to investments of this type because cryptocurrencies are highly volatile assets and must be managed as high-risk instruments.

Dogecoin was launched in 2013 as a joke. The cryptocurrency has reached a market value of almost $ 100 billion this year, with the support of billionaires such as Elon Musk and Mark Cuban.

Dogecoin lost 47.8% of its value in the last month but gained 12.642% in the last year.

“I said before that 2021 would be the year of crypto and Revolut is here to deliver on that promise,” Edward Cooper, head of crypto at Revolut said.

“One of the most popular user requests over the past couple of months has been to add Dogecoin and we have answered the call! We have just launched Dogecoin in-app. So now keen crypto customers and those new to the game can buy and sell this popular token.”

The first “Tuesday Token rollout” last week featured 8 new Network and Oracle tokens. With DOGE added to the app, Revolut now offers 30 coins.

 

Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

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