Dogecoin Jumps To One-Week High After Coinbase Pro Listing

Dogecoin surged into gains on Wednesday after Coinbase announced it was listing the meme-inspired cryptocurrency on its professional trading platform.

The Shiba-Inu-themed coin gained 10 percent in the last 24 hours to reach a new one-week high of 37 cents as of 7:11 am WAT, according to data from coinmarketcap.com.

Coinbase Pro said in a blog post on Tuesday that users could transfer DOGE into their professional trading accounts, with trading expected to launch on Thursday “if liquidity conditions are met.”

While the blog post did not announce whether Coinbase would add the memecoin to its retail trading platform and mobile app, investors have already turned bullish on dogecoin today as the publicly traded crypto exchange typically adds cryptocurrencies to its retail platform a few weeks after first listing on the professional version.

“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,” Tuesday’s blog post said.