The institutional branch of US-based cryptocurrency trading platform Coinbase, Coinbase Pro, has listed Dogecoin (DOGE), according to a post on the blog of the company.
Per the post, transfers are already available (since yesterday), while trading is expected to be made accessible to users on June 3 after sufficient liquidity is reached.
Dogecoin has been in the spotlight recently due to its price movements, driven in part by Elon Musk’s comments on the meme cryptocurrency on Twitter.
The listing of the altcoin on Coinbase Pro is not surprising, as the executives of the company have been considering this possibility for a while.
The fact that Dogecoin has been listed in such an important platform like Coinbase Pro reflects the increasing popularity of the currency. After the announcement was made, the price of the crypto has soared by around 20%.