The largest crypto exchange in the U.S. Coinbase has announced today that its lists Dogecoin (DOGE) on the professional trading Coinbase Pro. Trading will begin on or after 9AM Pacific Time (PT) Thursday June 3, if liquidity conditions are met, the exchange announced on Jun 2.
“Once sufficient supply of DOGE is established on the platform, trading on our DOGE-USD, DOGE-BTC, DOGE-EUR, DOGE-GBP, and DOGE-USDT order books will launch in three phases, post-only, limit-only and full trading. 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,” the exchange said.
Dogecoin is based on the popular “DOGE” Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013.
In March, Tesla CEO Elon Musk tweeted that the largest U.S. exchange had to enable Dogecoin trading.
In mid-May, Coinbase CEO Brian Armstrong revealed DOGE would be listed in six to eight weeks. It only took 18 days to get DOGE added to Coinbase Pro but the coin is not yet added to the consumer application Coinbase.com.
The price of DOGE appears to have responded positively to the news, gaining more than 10% in the last 24 hours, trading at $0.36, according to Coingecko.
DOGE has had a phenomenal 2021, as the meme crypto is up 560% over the last 90 days and 12-month stats show DOGE gained 12,500%. The Shiba Inu-meme has dropped in value, after touching an ATH one month ago.