According to report reaching oyogist.com, Coinbase has officially listed dogecoin on Coinbase Pro, a major development that exposes the “joke” cryptocurrency to one of the world’s largest bitcoin and crypto exchanges.
Coinbase said in a blog post that it will “immediately” begin accepting inbound transfers of dogecoin to Coinbase Pro in regions where trading is supported.
Trading will then begin at 9 a.m. PT on Thursday if there is enough liquidity, the post explained.
The Coinbase listing—which has generated excitement as a facilitator of more trading activity—is the latest in a series of momentum-inducing boosts for dogecoin, which was launched in 2013 as a jokey alternative to more mainstream cryptocurrencies like Bitcoin. Tesla billionaire Elon Musk, the self-proclaimed “dogefather,” has repeatedly sent the price of the coin flying through his personal investments and internet promotions. Doge’s value surged by 20% after Armstrong’s comments coincided with an announcement from Elon that he was “working with doge devs to improve system transaction efficiency.”
$43.68 billion. That’s dogecoin’s market cap as of Tuesday afternoon, making it the seventh-largest cryptocurrency. The token has also seen its price increase over 5% over the past 24 hours and is now selling at $0.34.
