The meme-inspired cryptocurrency Dogecoin (DOGE, +30.63 percent ) has been added to Coinbase’s professional trading platform, the exchange announced Tuesday.
Users may put DOGE into their professional trading accounts, according to Coinbase Pro, with trading anticipated to begin on Thursday “if liquidity criteria are met.”
While the blog post did not specify if the coin will be added to Coinbase’s retail trading platform or mobile app, the publicly listed crypto exchange normally adds coins to its retail platform a few weeks after they initially appear 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.
During a recent earnings conference, Coinbase CEO Brian Armstrong stated that the exchange will offer DOGE.
The price of Dogecoin looks to have risen in response to the revelation, and it is currently trading at around 34 cents as of writing time.
Gemini Earn also added Dogecoin and other tokens to its platform recently
The digital currency exchange now offers its customers the possibility to earn interest in DOGE, SUSHI, INJ, and MATIC.
According to a blog post published a few weeks ago by Gemini, users can now earn up to 2.25% APY on Dogecoin. The cryptocurrency was added to the platform as the interest of the people continued to grow during the past months.
Gemini Earn was presented to the public in February and offers users the opportunity to purchase, sell, store, and earn interest from digital currency on one platform. The service is available in 50 states of the United States and also Singapore. Its customers can obtain between 1.26% and 7.4% APY, and they will be able to redeem their crypto at any time with no fees charged.