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.