Dogecoin Grows Rapidly, Coinbase To Add Crypto To Its Platform On Thursday

© Reuters – Crypto exchange Coinbase announced yesterday that it will be able to trade from its Coinbase Pro platform starting Thursday.

Remember, Dogecoin is a cryptocurrency made for fun, but has grown by about 6,000% in the last 12 months, thanks in part to regular supportive tweets from Tesla founder Elon Musk.

For its part, Coinbase is the largest cryptocurrency exchange platform in the United States and the only one in the world to go public.

Therefore, in an article on its blog, Coinbase announced that it would “immediately” begin accepting incoming transfers to Coinbase Pro. Subject to sufficient liquidity, the dogecoin exchange will begin on Thursday at supported locations.

The company says it plans to launch in three phases: post-shipment only, restricted only, and full trading.

“If at some point one of the new order books does not match our assessment of a healthy and orderly market, we can keep the book in that state for a longer period or suspend trading,” the company wrote, citing its trading rules. …

Regarding the availability of Dogecoin on mainstream consumer platform Coinbase, the company said there will be “a separate announcement if and when this support is added.”

Finally, it should be noted that the addition of Dogecoin to Coinbase is not a surprise. Indeed, on the occasion of the publication of the company’s quarterly results on May 13, the CEO already warned that Dogecoin should be integrated into Coinbase within 6-8 weeks.

However, that did not stop Dogecoin from responding to yesterday’s announcements with a sharp increase. DOGE rose from about $ 0.3120 last night to a peak of $ 0.3815 about 6 hours later, up more than 22%.

However, the cryptocurrency has slowed its growth since then, currently around $ 0.36, up almost 8% from yesterday, making it the most efficient cryptocurrency in the Top 10 at the time of writing.

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