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Elon Musk Encourages Dogecoin (DOGE) Holders to Leave Centralized Exchanges -Breaking

by Mike Robinson

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Elon Musk urges Dogecoin holders to abandon centralized exchanges

Elon Musk (centi-billionaire, longtime advocate) has spoken in support for Dogecoin(DOGE), holders moving coins off of centralized exchanges.

Reacting to the “not your keys, not your crypto” post, Musk tweeted, “Exactly.” An earlier post from MyDoge CTO advised users to leave centralized exchanges like Binance. This is the original post:

Elon Musk encourages Dogecoin owners to switch to decentralized exchanges. This isn’t the first time he has done so. In February, Musk noted that any wallet that does not allow its users to control their funds should be “avoided at all cost.”

To The Flipside

  • Binance still contributes the largest portion to Dogecoin’s trading volume, accounting for more than 26% of all trades in the last 24 hours

Musk and Doge or Binance

Musk’s renewed stance for Doge holders moving outside CEXs (including Binance) all started with an upgrade that has restricted Dogecoin holders from withdrawing funds from Binance. Others have also been requested to return funds they did not hold.

The centi-billionaire joined the Doge community in calling out Binance, and the exchange’s CEO, Changpeng Zhao (CZ), on the technical issue. CZ is working to fix the Twitter problem (NYSE;), but the withdrawal issue has been extended for another week.

What are the reasons to care?

Dogecoin is a cryptocurrency that can be used as a meme currency, but the Doge community’s strength and integrity are unmatched among other crypto projects.

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