Bulletins

Coinbase Pro is now accepting Dogecoin

Dogecoin is currently the sixth most valuable cryptocurrency with a market cap of more than $48 billion.

​A collectible souvenir represents the dogecoin cryptocurrency.
A collectible souvenir represents the dogecoin cryptocurrency.
Photo: Liu Junfeng/Visual China Group via Getty Images

Coinbase is finally accepting Dogecoin, the memecoin that began as a joke but has become one of the most valuable cryptocurrencies today.

Coinbase Pro traders will be able to trade Dogecoin — which CEO Brian Armstrong had announced early last month — the company said Tuesday. Coinbase said Dogecoin will not be available on the main Coinbase platform, but the company "will make a separate announcement if and when this support is added."

Dogecoin is currently the sixth most valuable cryptocurrency with a market cap of more than $48 billion, according to CoinMarketCap.

Dogecoin recently went on a roller coaster ride after it shot up in value when Elon Musk praised the cryptocurrency in a series of tweets; it later plummeted after he called it a "hustle" in a guest appearance on "Saturday Night Live." Musk later tweeted that he was working with Dogecoin developers to improve it, which he said was "potentially promising." That triggered yet another Dogecoin rally.

Benjamin Pimentel

Benjamin Pimentel ( @benpimentel) covers crypto and fintech from San Francisco. He has reported on many of the biggest tech stories over the past 20 years for the San Francisco Chronicle, Dow Jones MarketWatch and Business Insider, from the dot-com crash, the rise of cloud computing, social networking and AI to the impact of the Great Recession and the COVID crisis on Silicon Valley and beyond. He can be reached at bpimentel@protocol.com or via Google Voice at (925) 307-9342.

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