According to the latest reports Coinbase has made an announcement in regards to its latest digital asset listing. The firm has confirmed that it has now enlisted Dogecoin (DOGE) on its platform for exchange users.
Following the enlistment of Dogecoin (DOGE), the exchange has confirmed that the users will be able to use the asset starting Tuesday, June 1, 2021. Coinbase has revealed that for now, it would be the pro users on Coinbase who would be able to use Dogecoin (DOGE) for trading.
By now, the entire world, or at least the entire cryptocurrency community is aware of Dogecoin (DOGE). Before 2021, Dogecoin (DOGE) mainly existed as a meme coin and had no such value to it. The trading volume for Dogecoin (DOGE) was almost close to nothing.
However, as Dogecoin (DOGE) started observing a rally in terms of price and reputation, it soon became one of the top 10 cryptocurrencies by market capitalization. Before that, hardly any cryptocurrency exchange had it enlisted as a digital asset for trading and other investment purposes.
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As the demand for Dogecoin (DOGE) continued growing, more and more cryptocurrency exchanges have started adopting it. One of the greatest achievements for Dogecoin (DOGE) so far is to get enlisted on the major cryptocurrency exchanges as well as gain mainstream adoption.
As of now, the Dogecoin (DOGE) has achieved them both as it has been adopted by Coinbase Pro to be traded through its platform. Now, the meme coin is one of the top traded digital assets and Elon Musk’s tweets have played a huge role in driving the price and valuation of DOGE to new heights.
At the time of writing, the trading price of Dogecoin (DOGE) is $0.32 per token. The most phenomenal thing about DOGE is that it has experienced a 6,000% surge in terms of its price since the beginning of 2021.
It was back in the month of May 2021, when Dogecoin (DOGE) managed to hit its all-time high price of more than $0.70. Since then, its price has experienced a downfall alongside the rest of the crypto-verse, where its individual price has experienced a 50% drop.
At present, Coinbase is one of the largest names in the entire cryptocurrency industry for being the top-class exchange. It has users from all over the world and is the first major cryptocurrency exchange to introduce its Pro service.
While Coinbase continues to provide cryptocurrency trading services to all investor calluses, yet it has introduced Coinbase Pro for professional traders. Through Coinbase Pro, the investors get to trade with higher investments and stakes through the exchange.
So far, Dogecoin has managed to get itself enlisted on platforms such as Gemini, a cryptocurrency exchange, and Robinhood, a stock trading and digital asset dealing application.