Dogecoin (DOGE) has finally made its place on the largest crypto exchange in the world. Coinbase has listed dogecoin on its pro app and the trading will begin from tomorrow Thursday, June 3 at 9 AM Pacific Time (PT) assuming liquidity conditions are met.
DOGE will initially be available in five trading pairs: DOGE/USD, DOGE/BTC, DOGE/EUR, DOGE/GBP, and DOGE/USDT, and the order books will be available in three stages, starting with post-only, then limit-only, and finally full-trading. Inbound transfers of DOGE to Coinbase Pro have already started and trading will begin on or after 9 am Pacific Time (PT) tomorrow.
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.Coinbase
Dogecoin is currently trading at $0.36 and has seen a rise of almost 13000% from the last year. It has reached a mark of $0.78 in May at an all-time high (ATH) after Tesla CEO Elon Musk’s multiple attempts to promote the meme-based coin. However, it dropped by more than 40% since then. Dogecoin has a total market cap of $47 billion as of today, making it the sixth-largest cryptocurrency in the world.
The first announcement by Coinbase to list dogecoin was made on 14th May by CEO Brian Armstrong. He also mentioned that exchange is putting a lot of work and thought into how to accelerate their asset onboarding and will devote more resources to onboarding assets more quickly.
Crypto investors are also looking forward to Coinbase listing Shiba Inu (SHIB) on the platform. However, there is no official statement or hint given by the company in this regard so far. There is also a petition going on for Coinbase and Robinhood to list SHIB tokens.