Dogecoin Rallies 20% On Coinbase Listing

On Wednesday, dogecoin jumped over 20% when Coinbase, a US-based crypto exchange, said that it would list the token on its professional platform. Coinbase has added support for Dogecoin, which has seen a surge in value. Bitcoin is trading in a tightening range.

According to CoinDesk 20 statistics, bitcoin is changing hands near $37,200, up 1% on the day. During Asian hours, prices dropped to around $35,000.

Dogecoin is currently trading at a 12-day high above 32 cents, up 5% on the day. In the last 24 hours, the cryptocurrency has increased by 18%.

The Nasdaq-listed startup has begun accepting dogecoin (DOGE) inbound transfers to Coinbase Pro. In a blog post, the crypto exchange stated, "Trading will begin on or after 9 a.m. Pacific Time (PT) Thursday, 3 June, if liquidity conditions are met."

"Trading on our DOGE-USD, DOGE-BTC, DOGE-EUR, DOGE-GBP, and DOGE-USDT order books will start in three phases, post-only, limit-only, and full trading, once adequate supply of DOGE has been established on the platform," the exchange added.

At the time of press, Dogecoin was at $0.42 higher by 31.86%. Dogecoin has a market cap of $54.99B.

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