Home / Market Update / Cryptocurrency / Dogecoin Surges as Coinbase Debuts its Units

Dogecoin Surges as Coinbase Debuts its Units

Dogecoin surged on Wednesday after media reports indicated that Coinbase will allow, through its own platform, trading the meme-based cryptocurrency units.

Coinbase reportedly announced yesterday that accepting inbound transfers of Dogecoin Coinbase Pro, according to Reuters.

Dogecoin surged by more than 30% to exceed $0.41.

The world’s sixth largest cryptocurrency, in terms of market capitalization, has now reached a market cap of about $53.87 billion.

Check Also

Bitcoin Plunges to Two-Month Low Amid Mt Gox Fears

Bitcoin’s price plummeted to a two-month low on Thursday, breaching a crucial support level as …