Polkadat (DOT) is listed in the Coinbase exchange

Polkadat (DOT) is listed in the Coinbase exchange

Coinbase, a major US exchange, recently announced that it will list the native cryptocurrency of Polkadat, DOT, on the platform.

According to the announcement, users of this exchange can deposit this currency from Monday, June 14th. If there is enough liquidity, its trading capability will be activated for users at 9:00 AM on Wednesday, June 16, Pacific time.

Users can trade DOT with various Fiat currencies, including the dollar, euro and pound sterling, and cryptocurrencies such as bitcoin and tetra.

Following this move, DOT will be listed in the Coinbase retail trading program, but the exact date is not yet known.

Coinbase has not yet commented on why the currency was chosen. It should be noted that Polkadat, with a market value of $ 23.1 million, is the ninth largest cryptocurrency in the market. Maybe this reason is enough to be on the list of currencies supported by this exchange.

Coinbase referred to Polkadat as a high-performance platform for cross-chain transactions, adding that the DOT token serves as a surveillance token for the Polkadat network, used for networking and security, as well as connecting new chains to the network.

Coinbase's decision to list DOT came weeks after it decided to add Dogecoin (DOGE) to the platform. In addition to these two currencies, Cardano, Sushi Swap, Tetra and several other currencies are also supported in this exchange.

An overview of the cryptocurrency market today Tuesday, February 16

An overview of the cryptocurrency market today Tuesday, February 16

Over the past 24 hours, we have seen a significant improvement in the cryptocurrency market after a slight correction that occurred yesterday morning. Bitcoin hit $ 50,000 for the first time, and the total cryptocurrency market capitalization rose to over $ 1.5 trillion.

Bitcoin touched the $ 50,000 level

For the first time in history, the market's top cryptocurrency touched the $ 50,000 target. Reaching this milestone, the price of bitcoin has grown by more than 72% since the beginning of 2021.

This happened after a few days of fluctuations in the price movements of this currency. On Sunday, Bitcoin seemed ready to break the $ 50,000 level. But during Asian trading, BTC experienced a slight correction and fell below $ 46,000.

Since then, the cryptocurrency has risen to less than $ 50,000 in less than a day.

Polkadat in fourth place

Meanwhile, according to CoinGecko, the Polkadat cryptocurrency (DOT) has officially become the fourth largest cryptocurrency in the market in terms of market value. The Altcoin surpassed Cardano to increase its distance from Tetra to $ 3 billion.

The total value of the crypto market has exceeded $ 1.5 trillion.

As can be seen in the map above, today the cryptocurrency market is a green hand. Atrium traded up about 2.5% at more than $ 1,800, DOT rose more than 14%, while ADA saw growth of 7.5%.

LightCoin is now approaching the $ 220 mark with a rise below 7%. XRP could not keep up with this wave and recorded only 0.55% growth.

In fact, the market situation today has been so favorable that Coin Market Cap data in the last 24 hours introduces only the VGX token with a 1.2% decrease as today's loser.