Dogecoin spikes over 20% after Coinbase lists token on its professional platform

The Shiba Inu-based meme currency, dogecoin, surged over 20% on Wednesday after US-based crypto exchange Coinbase said it is listing the token on its professional platform.

The Nasdaq-listed company has started accepting inbound transfers of dogecoin (DOGE) to Coinbase Pro. “Trading will begin on or after 9 am Pacific Time (PT) Thursday, 3 June, if liquidity conditions are met,” the crypto exchange said in a blog post.

“Once 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,” the exchange said.