Dogecoin is all set for listing on Coinbase Pro
Coinbase Pro announced to allow inbound transfer for DOGE in the regions where trading is available.
The professional trading arm of the Coinbase cryptocurrency exchange has begun accepting inbound transfers for Dogecoin, setting up the platform for wider adoption of the meme-based digital currency.
Dogecoin trading will go live on Coinbase Pro on Thursday at 4:00 pm UTC. DOGE will be supported across five trading pairs, including DOGE/USD, DOGE/BTC, DOGE/EUR, DOGE/GBP, and DOGE/USDT.
The order books will launch in three staggered phases, beginning with post-only, followed by limit-only and then full-trading. The exchange stated that If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules.
Following the news, the price of DOGE appears to have responded positively with gaining more than 3%.
The meme-currency has reached a wide audience receiving mass support from the market and influencers including Elon Musk’s apparent backing of the coin and widespread support from Robinhood traders.
The market craze for the dog-cryptocurrency spread so much that DOGE liquidations surpassed Bitcoin at one point, underscoring the high demand for the asset. Twitter activity surrounding DOGE also briefly surpassed the flagship crypto asset from the beginning of the year.
