Coinbase Pro Starts Dogecoin Trading on June 3

by in Cryptocurrency News

Coinbase Pro Dogecoin

On June 1, leading crypto exchange Coinbase published a blog post informing about the addition of DOGE to its platform for professional traders. The option to purchase Dogecoin will be unlocked for Coinbase Pro users from 9 AM June 3 if liquidity requirements are preserved.

Related: Coinbase adds Apple Pay support for its debit card

The launch will take place in three steps: post-only, limit-only, and full trading. According to the platform's trading rules, if there is any point in the new order books that doesn't fit the company's view of a healthy market, they may leave the book in the same condition for a while or cancel trading operations.

After the news went public, the price of the coin has increased by over 20%. It is currently traded at around $0.39. Dogecoin's market cap stands at around $51.4 Billion, which makes it the 6th largest cryptocurrency.

Recently Robinhood and Gemini exchange also added the coin.

As mentioned in the publishment, Coinbase Pro is listing more cryptocurrencies. Among the ones added lately are Internet Computer (ICP), Mirror Protocol (MIR), Tether (USDT), Ampleforth Governance Token (FORTH), 1inch (1INCH), Enjin Coin (ENJ), Cardano (ADA), SushiSwap (SUSHI), Polygon (MATIC), The Graph (GRT), and others.