Stock trading app Robinhood has listed dogecoin on its commission-free cryptocurrency trading platform, the company announced on Monday.
The parody cryptocurrency, created in 2013, currently ranks as the 44th-largest cryptocurrency, with a circulating market cap of $288 million. At its peak in early January, dogecoin’s market cap swelled as high as $2.1 billion, much to the chagrin of creator Jackson Palmer, who is no longer officially involved with the project.
Dogecoin’s listing brings the total number of cryptocurrencies available on Robinhood to five. Last week, the brokerage app — which is better-known for its equities offerings — added support for bitcoin cash and litecoin, the first coins the firm had added since it launched earlier this year with bitcoin and ethereum trading. Users can currently add 11 other cryptoassets to their watchlist.
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