Revolut has added Dogecoin (DOGE) to its crypto offering.
The company has decided to dedicate the second New Token Tuesday exclusively to the cryptocurrency that has been all the rage this 2021.
In fact, at the beginning of the year, the price of DOGE was around 5 thousandths of a dollar ($0.005), but at the beginning of May, it reached its all-time high of over 730 thousandths ($0.73), with a gain of 14,500% in just over four months.
Now the price has fallen to around $0.32 but is still 6,500% higher than it was in late 2020.
Last Tuesday’s first launch of Revolut included 8 new Network and Oracle tokens, and now with the addition of DOGE, the app supports 30 cryptocurrencies.
These additions take place every Tuesday, but it is not known exactly which tokens will be listed.
Revolut lists Dogecoin
Revolut‘s Head of Crypto, Edward Cooper, said:
“I’ve said before that 2021 would be the year of cryptocurrencies and Revolut is here to deliver on that promise. One of the main requests from users over the last couple of months was to add Dogecoin and we listened to them! Dogecoin is now available in-app, all cryptocurrency enthusiasts and everyone who wants to approach this world can finally buy and sell this popular token.”
Revolut now has 15 million customers worldwide, making it one of the largest fintech communities in the world, and decided to list Dogecoin following requests from cryptocurrency enthusiasts. It is based in London and has over 2,000 employees.
However, the company reminds its clients that this type of investment may not be appropriate for everyone, and both novice investors and those who are already more familiar with the world of cryptocurrencies should do their research before investing, as they would with any other highly volatile investment, in order to inform themselves of the opportunities and risks associated with this type of investment.
They also point out that it is important for the individual investor to consider his or her personal situation, and to consult a number of independent sources to learn about the cryptocurrency market before investing, as these are risky investments.