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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.

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