Dogecoin saw a massive surge in price after it was announced that Coinbase will start listing the cryptocurrency this week.
In a tweet from Coinbase, trading will begin on Thursday, which got traders excited and caused a huge surge in prices.
Coinbase Pro said in a blog post that users could transfer DOGE to their professional trading accounts, with trading expected to begin on Thursday “when liquidity conditions are met”.
Coinbase CEO Brian Armstrong announced last month that he would be accepting Dogecoin in a call for profit.
Elon Musk also sparked a small price hike after the news was announced.
The Tesla CEO was a supporter of Dogecoin and retweeted a meme believing Dogecoin will be the “new standard” for the global economic system.
According to the news, the price of Dogecoin rose from $ 0.31 to $ 0.38.
Coinbase also announced a collaboration with Apple and Google on Tuesday that will allow customers to add cards from the exchange to their Apple Pay and Google Pay accounts.
In this way, users can buy everyday goods with cryptocurrencies like Bitcoin, Ether and Dogecoin through their smartphones and earn crypto rewards at the same time.
Payments via the Coinbase card on the Apple and Google platforms are automatically converted into fiat currency.