Dogecoin Spikes 15% after Receiving Support from Coinbase Pro
- Trading of Dogecoin on the exchange will start from 3 June 2021.
Dogecoin, the world’s 6th most valuable cryptocurrency, jumped nearly 15% on Tuesday after Coinbase Pro announced support for DOGE. The exchange announced yesterday that the inbound transfers of Dogecoin are now available in the company’s supported jurisdictions.
According to an official announcement, the trading of Dogecoin will start on Thursday 3 June 2021 at 9 am Pacific Time, subject to the Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term conditions. Dogecoin is currently trading near $0.37 with a market cap of more than $48 billion.
“Starting immediately, we will begin accepting inbound transfers of Dogecoin to Coinbase Pro. Trading will begin on or after 9 am Pacific Time (PT) Thursday, June 3, if liquidity conditions are met. Once a sufficient supply of DOGE is established on the platform, trading on our DOGE-USD, DOGE-BTC, DOGE-EUR, DOGE-GBP, and DOGE-USDT order books will launch in three phases, post-only, limit-only and full trading,” Coinbase mentioned in the announcement.
Apart from the latest announcement regarding the listing of Dogecoin, Coinbase Pro listed the world’s most valuable stable coin Tether (USDT) in April 2021.
Dogecoin in 2021
DOGE saw significant growth in 2021 in terms of price and adoption. Several organizations around the world including NBA Team Dallas Mavericks and Latvia’s airBaltic started accepting Dogecoin as a mode for Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term. In terms of price, DOGE remained extremely volatile this year as the price of the world’s 6th largest cryptocurrency touched a high of $0.72 and a low of $0.26 within 2 weeks of May 2021. Commenting about the latest volatility in Dogecoin, Brian Brooks, former Acting Comptroller of the Currency at the USOCC and current CEO of Binance US, said: “What we don’t want is a panic over Dogecoin prices to kill Bitcoin or Eth or some of the fundamental innovations that are going on here.”
Dogecoin is now more valuable than several other leading cryptocurrency assets including XRP, Polkadot (DOT), Chainlink (LINK) and Bitcoin Cash (BCH). The crypto market dominance of DOGE now stands at around 3%.
Dogecoin, the world’s 6th most valuable cryptocurrency, jumped nearly 15% on Tuesday after Coinbase Pro announced support for DOGE. The exchange announced yesterday that the inbound transfers of Dogecoin are now available in the company’s supported jurisdictions.
According to an official announcement, the trading of Dogecoin will start on Thursday 3 June 2021 at 9 am Pacific Time, subject to the Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term conditions. Dogecoin is currently trading near $0.37 with a market cap of more than $48 billion.
“Starting immediately, we will begin accepting inbound transfers of Dogecoin to Coinbase Pro. Trading will begin on or after 9 am Pacific Time (PT) Thursday, June 3, if liquidity conditions are met. Once a sufficient supply of DOGE is established on the platform, trading on our DOGE-USD, DOGE-BTC, DOGE-EUR, DOGE-GBP, and DOGE-USDT order books will launch in three phases, post-only, limit-only and full trading,” Coinbase mentioned in the announcement.
Apart from the latest announcement regarding the listing of Dogecoin, Coinbase Pro listed the world’s most valuable stable coin Tether (USDT) in April 2021.
Dogecoin in 2021
DOGE saw significant growth in 2021 in terms of price and adoption. Several organizations around the world including NBA Team Dallas Mavericks and Latvia’s airBaltic started accepting Dogecoin as a mode for Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term. In terms of price, DOGE remained extremely volatile this year as the price of the world’s 6th largest cryptocurrency touched a high of $0.72 and a low of $0.26 within 2 weeks of May 2021. Commenting about the latest volatility in Dogecoin, Brian Brooks, former Acting Comptroller of the Currency at the USOCC and current CEO of Binance US, said: “What we don’t want is a panic over Dogecoin prices to kill Bitcoin or Eth or some of the fundamental innovations that are going on here.”
Dogecoin is now more valuable than several other leading cryptocurrency assets including XRP, Polkadot (DOT), Chainlink (LINK) and Bitcoin Cash (BCH). The crypto market dominance of DOGE now stands at around 3%.