Coinbase retail users can now buy, sell, convert, send, receive, or store Dogecoin on the exchange, the company said in a blog post. To stir up interest Coinbase will award a total of $1.2 million in DOGE.
Dogecoin started officially trading on Coinbase Pro and Coinbase on June 3. The company first added the coin to its Pro platform and then later in the day made it available on their regular platform.
To encourage users to trade Doge, Coinbase plans to give away $1.2 million worth of Dogecoin to 6,011 lucky people.
1 winner will receive $300,000 in DOGE
10 winners will receive $30,000 in DOGE
6,000 winners will receive $100 in DOGE
Investors who opt in and purchase $100 worth of dogecoin by June 10, 2021 will be eligible for the promotion.