DogeCoin Spikes 5% After Coinbase Announces It Will Support the Cryptocurrency

By Daniel Villarreal On 6/1/21 at 7:33 PM EDT

The value of the DogeCoin cryptocurrency increased by 5 percent one hour after Coinbase announced that it will support it.

Coinbase, a popular U.S. exchange, announced on Monday that users could begin transferring DOGE into their accounts with trading to begin on June 3. However, the trading will only begin if the exchange maintains enough liquidity in the cryptocurrency's token, the cryptocurrency news site Decrypt reported.

This is a breaking news story and will be updated as more information becomes available.

Request Reprint & Licensing, Submit Correction or view Editorial Guidelines