Coinbase Pro adds Dogecoin to listing; token rises about 18%.

On June 3, the cryptocurrency exchange Coinbase Pro will add to its listing the meme token Dogecoin (DOGE) backed by Elon Musk.

Starting today, inbound transfers for DOGE are now available in the regions where trading is supported. Traders cannot place orders and no orders will be filled. Trading will begin on or after 9AM PT on Thursday June 3, if liquidity conditions are met. https://t.co/sFYODy4Xma

— Coinbase Pro (@CoinbasePro) June 1, 2021

Trading of DOGE will begin once the liquidity criteria are met. Deposits to the platform have been available since June 1.

The token will be offered in pairs against the US dollar, euro, British pound, USDT and Bitcoin.

On May 13, during an investor call, Coinbase CEO Brian Armstrong promised to list Dogecoin within six to eight weeks.

The token price surged 18.2% in 24 hours. The rally may have been helped by a new tweet from Elon Musk. As of writing, DOGE trades at around $0.39, according to CoinGecko. The cryptocurrency ranks sixth by market capitalization, at about $51.2 billion.

Found this pic of me as a child pic.twitter.com/hUEKluRAdP

— Elon Musk (@elonmusk) June 2, 2021

In the United States, Dogecoin has proven more recognizable than Ethereum, according to a HarrisPoll and CouponCabin survey.

Earlier, billionaire Stanley Druckenmiller compared interest in the meme token with the buzz around NFTs.

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