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.
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.
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.