More

    Coinbase Pro Will Begin Trading Dogecoin On Thursday

    Key Takeaways

    • Coinbase Pro is planning to initiate Dogecoin trading on June 3.
    • Dogecoin deposits are open starting today (June 1).
    • Coinbase will open Dogecoin trading on its retail platform, Coinbase.com, at a later date not yet announced.

    Share this article

    Coinbase Pro will initiate Dogecoin trading on June 3, as revealed in a new blog post from the cryptocurrency exchange.

    Trading Begins in Two Days

    Coinbase says that it will enable Dogecoin trading on June 3 at 9:00 a.m. PST, assuming that liqudity is sufficient.

    Users can also deposit Dogecoin into Coinbase Pro ahead of trading. Desposits are open as of today, June 1.

    Initial trading pairs will include DOGE-USD, DOGE-BTC, DOGE-EUR, DOGE-GBP, and DOGE-USDT.

    Coinbase drew attention to Dogecoin’s main goal: to serve as a “lighthearted alternative” to Bitcoin. It also noted that Dogecoin has no supply cap, which differentiates it from Bitcoin.

    Retail Trading Is On the Way

    The details above only apply to Coinbase Pro. The company did not state when Dogecoin will be available on its retail trading platform, Coinbase.com. “We will make a separate announcement if and when this support is added,” it wrote in its blog post.

    Coinbase initially announced its plans to list Dogecoin in a quarterly earnings call on May 14. During the call, executives suggested that the exchange would list DOGE within six to eight weeks.

    That timeline suggests that Dogecoin will arrive on Coinbase’s retail trading platform by the end of June at the latest.

    Coinbase is the second largest crypto exchange in operation, and users have historically pressured it to support Dogecoin. If that interest translates into trading activity, DOGE could see price fluctuations after trading begins.

    Disclaimer: At the time of writing this author held less than $75 of Bitcoin, Ethereum, and altcoins.

    Share this article

    Related articles

    Comments

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Share article

    Latest articles

    Atlantis Exchange Received 30,000,000 Advanced Bitcoin as Liquidity

    SEATTLE, WA, May 20, 2022 /24-7PressRelease/ — Atlantis Exchange is pleased to announce that a deposit of 30,000,000 Advanced Bitcoin (“aBTC”), a green cryptocurrency...

    These indicators show how the equities sell-off is influencing crypto prices to fall down

    Cryptocurrencies experienced on May 10 a large market crash, losing over 10% in a single day of most of the coins. This is the...

    Xendit Raises $300M to Grow Payments Platform

    Southeast Asia payments platform Xendit closed a $300 million Series D funding round that brings its total investment capital since 2015 to $538 million,...

    Top Cryptocurrency Prices Today, May 20: After crypto crash, Bitcoin, ETH, Solana, ADA, Polkadot, Matic rise upto 6%

    Top Cryptocurrencies of the World Prices Today in India (May 20, 2022): The global crypto market cap recovered 2.87% in the last 24 hours...

    Ethereum to Merge in August as Final Testing Begins

    The Merge is a milestone upgrade that transitions the Ethereum network consensus mechanism from proof-of-work mining to proof-of-stake (PoS). It is a significant step...

    Newsletter

    Subscribe to stay updated.