Dogecoin price rises sharply following its listing on Coinbase Pro

The Shiba-Inu based cryptocurrency experienced a considerable rise in value after a tumultuous month of market performance.

Meme cryptocurrency Dogecoin experienced a jump in value on Wednesday, recovering much of its value lost over a month of dampened performance in the markets. The Shiba Inu-based crypto surged over 20 per cent, thanks to its listing on the US-based crypto exchange Coinbase. Coinbase announced that it will list the token for the professional user base of its platform. The announcement on Wednesday cleared that the company has started accepting inbound transfers of Dogecoin to Coinbase Pro, the paid membership variant of its crypto exchange. In a blog post, Coinbase stated, that the actual trading ""will begin on or after 9 am Pacific Time (PT) Thursday, 3 June, if liquidity conditions are met."