Cryptocurrency

Dogecoin Increases by 20% Following Coinbase Listing

Dogecoin Increases by 20% Following Coinbase Listing

Dogecoin Increases by 20% Following Coinbase Listing

  • The value of meme crypto Dogecoin has increased by more than 20% in the last 24 hours

  • The price of the cryptocurrency has been driven by news of its listing on leading cryptocurrency exchange, Coinbase

  • Users on the Coinbase Pro platform will now be able to buy and sell the meme coin from June 3rd

The price of meme cryptocurrency Dogecoin has increased by more than 20% following its listing to lead crypto exchange, Coinbase.

Dogecoin

Following the meme coin’s addition to the Coinbase Pro trading platform, users will be allowed to buy and sell the cryptocurrency from June 3rd.

The support for Doge on Coinbase is restricted to the exchange’s supported jurisdiction.

It is worth noting that users on Coinbase’s main retail site still won’t have access to the meme coin.

It is expected that it will be available on that platform in the next few weeks.

Following the news of the coin listing, the value of Doge went from $0.31 to $0.38.

Read also: Nigerians Trade $169 Million Bitcoin in 5 Months Despite CBN Ban

The price increase was also driven by a meme shared by self-proclaimed Doge-father Elon Musk depicting the coin taking over the global system.

The is not the first time that the price of Doge has been influenced by Coinbase news.

The value of the coin also went up last month when Coinbase CEO, Brian Armstrong announced that the coin will be added to their platform in the future.

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