Just In: Robinhood Crypto Again Supports Dogecoin Transfers

Investors can now move their Dogecoin in and out of the trading platform

Robinhood is the latest exchange to resume support for the popular meme coin

Dogecoin (DOGE), the popular meme coin, is once again available for deposits and withdrawals on Robinhood Crypto, the cryptocurrency arm of popular trading platform Robinhood.

The move comes after Robinhood suspended trading of DOGE in January 2022 due to concerns about market volatility. At the time, Robinhood said it was working to "make sure that Robinhood Crypto is the safest and most compliant platform it can be." Many crypto enthusiasts saw this as a sell signal, and the price of DOGE plunged nearly 10 percent at the time.

However, Robinhood has since resumed trading of DOGE, and the coin has seen a surge in popularity in recent months.

The resumption of DOGE support on Robinhood is a major development for the coin, as it makes it more accessible to a wider range of investors.