Paxos Adds Dogecoin to Brokerage and Custody Platform

Paxos Adds Dogecoin to Brokerage and Custody Platform — Cointelegraph.com News
Source: Cointelegraph.com News

The Dogecoin Foundation’s corporate arm has partnered with Paxos to integrate DOGE across the company’s brokerage and custody infrastructure. Dogecoin will become available through Paxos’ platform, allowing its fintech, payments and institutional clients to evaluate support for the memecoin.

Paxos provides crypto infrastructure for major fintech and brokerage platforms, including PayPal, Venmo, Interactive Brokers and Mercado Libre. The partnership does not mean those firms will automatically offer DOGE trading or custody, but it makes the asset available for Paxos clients to assess and potentially integrate into their own products.

Whether the tie-up leads to meaningful adoption remains to be seen. Dogecoin is still the largest memecoin by market capitalization—$15.53 billion per CoinMarketCap—and institutional demand continues to trail that for Bitcoin and Ether.

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