Dogecoin Value Grows Following Coinbase Pro Listing

June 2, 2021      Kavya Barua

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.

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.

 

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Kavya Barua
Kavya Barua

Kavya Barua is in her final year of graduation from University of Delhi's, B.A (Hons) English program at Janki Devi Memorial College. She is an avid learner with a taste for advancements in crypto and Fintech. She is gaining interest in digital marketing and being a part of the organization where continuous growth and learning is assured and fulfilling the expectations of her knowledge and skills. She aspires to have a good career path with interest and ability to learn and deliver the results.