The value of Dogecoin, the world’s sixth-largest cryptocurrency, has increased nearly 15% on Tuesday after Coinbase Pro announced its listing.
Dogecoin Value Grows Since It Was Listed on Coinbase Pro
Dogecoin, the world’s sixth most valuable cryptocurrency, increased nearly 15% on Tuesday after Coinbase Pro added DOGE support. Dogecoin inbound transfers are now allowed in the exchange’s supported jurisdictions, according to an announcement made yesterday.
It will start trading on Thursday, June 3, 2021, at 9 a.m. Pacific Time, subject to liquidity conditions, according to an official announcement. Dogecoin is now trading around $0.37, with a market capitalization of more than $48 billion.
DOGE deposits are now available for clients of Coinbase’s Pro platform, the most prominent regulated cryptocurrency exchange in the United States — and the only publicly traded one.
Coinbase Pro is a platform designed by Coinbase for professional investors and individuals with advanced day trading skills. Unlike its “vanilla” version, Coinbase Pro’s UI is more technical as seen on other crypto exchanges, and offers a wider range of trading pairings to its customers.
Dogecoin Is Finally Supported By Coinbase
Trading in Dogecoin will begin in three days if all goes as planned and the predicted minimum liquidity is met.
Starting today, inbound transfers for DOGE are now available in the regions where trading is supported. Traders cannot place orders and no orders will be filled. Trading will begin on or after 9AM PT on Thursday June 3, if liquidity conditions are met. https://t.co/sFYODy4Xma
— Coinbase Pro (@CoinbasePro) June 1, 2021
If all goes well and the projected minimum liquidity is met, trading in Dogecoin will commence in three days. Trading will begin at or after 9 a.m. PT on Thursday, June 3, assuming liquidity conditions are met.
Traders will be able to exchange their DOGE for BTC and the USDT stablecoin if the prerequisites are met. They’ve also added fiat currency pairs versus the USD, EUR, and GBP.
The Puppy Has Grown Up
Several institutions throughout the world, including the NBA’s Dallas Mavericks and Latvia’s airBaltic, have begun accepting Dogecoin as a form of payment. DOGE’s price has been incredibly volatile this year, with the world’s 6th largest cryptocurrency reaching a high of $0.72.