Dogecoin Shoots Up 40% After Coinbase Pro’s BIG Announcement

Dogecoin has taken some large strides these last couple of months considering the coin was previously seen as a joke but now the only people who are laughing are the ones who rolled the dice on the meme coin.

The news just keeps getting better and better for Doge coin holders too, after Coinbase recently  announced Dogecoin will be available on its Coinbase Pro platform as early as June 3rd.

Coinbase Pro is a platform that caters to investors who are knowledgeable in day trading and are looking to use a more technical interface rather than just use the simple interface that can be used on Coinbase.

Although users cannot trade until June 3rd, Coinbase Pro did announce that they are already accepting inbound transfers of Dogecoin.

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

Coinbase Pro opens up to dogecoin after cryptocurrency's 6,000% gain this year https://t.co/B1pCInjfgL

— CNBC (@CNBC) June 1, 2021

Market Insider covered the story and had these details to share:

Dogecoin jumped as much as 41% in the last 24 hour period to $0.4446, the highest point in nearly two weeks, as Coinbase Pro opened up to the meme cryptocurrency.
The cryptocurrency exchange announced on Tuesday it is allowing its Pro users to transfer dogecoin into their accounts. Pro users will be able to trade dogecoin on or after 9 a.m. PT on Thursday if liquidity conditions are met, according to a Coinbase blog post.

The Coinbase Pro account is a free account designed for more experienced traders and offers advanced charting and analytical tools. Dogecoin is not yet available on Coinbase.com or via the consumer mobile apps. The exchange said it would make a separate announcement if and when that support was added.

Many Dogecoin enthusiasts were stoked about the upcoming listing, check out some of their tweets:

$DOGE getting added to coinbase pro. June 3rd. $COIN pic.twitter.com/k9jG0yicCt

— The Professor (@The_Professor0) June 1, 2021

@Coinbasepro is set to list DOGE on Thursday, 3 June. I guess you know what that means for the meme coin. #ToTheMoon #Dogecoin

— Christopher Martinez (@MartiChristo) June 2, 2021

Even CEO of Tesla Elon Musk chimed in and let everybody know what he thought about the upcoming listing:

… https://t.co/Nknrxkb0RV

— Elon Musk (@elonmusk) June 1, 2021

CNBC didn’t stay behind and covered the story too:

Coinbase is finally getting into dogecoin.

Starting Tuesday, the crypto exchange is offering its Pro users the option to trade dogecoin, a cryptocurrency that was started as a joke and has taken off this year, helped by the frequent tweeting of Tesla CEO Elon Musk.

Dogecoin is currently trading at 32 cents, up almost 6,000% for the year. However, it’s dropped by more than 50% since reaching a high in May.

Coinbase is one of the largest crypto exchanges on the planet, and its Pro service, as the name suggests, is designed for professional traders. Dogecoin is also available for purchase on Robinhood’s app and through Gemini.

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