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In an announcement made in blog post on Tuesday, Coinbase’s professional trading platform, Coinbase Pro said it is adding the meme-inspired cryptocurrency, DOGE, to its line-up of tradable cryptocurrencies. Coinbase CEO Brian Armstrong first hinted to a DOGE listing last month during an earnings call, when he said:
“We are a platform. We want to offer all assets that meet our listing standards and we hope to be the place where you can come and trade anything that you want to trade.”
Starting this week, Coinbase users will now be able to transfer DOGE into their professional trading accounts and expect to start trading on Thursday “if liquidity conditions are met.”
Although Coinbase did not disclose if DOGE would also be added its retail trading platform and mobile app, it is to be expected. The Nasdaq listed exchange would usually add cryptocurrencies to its retail platform just few weeks after first listing on its Pro platform.
Tuesday’s blog post said:
“Starting immediately, we will begin accepting inbound transfers of DOGE to Coinbase Pro. Trading will begin on or after 9 a.m. Pacific Time (PT) [on] Thursday, June 3, if liquidity conditions are met.”
The announcement pushed Dogecoin’s price up as it spiked 10% and is currently trading at around $0.36 according to CoinMarketCap data.