REVEALED: When will Coinbase allow Dogecoin trading?

Investors in Dogecoin have a reason to be very bullish today, as Coinbase announces they’ll be trading the meme coin

Coinbase, one of the world’s largest cryptocurrency exchange platforms announced that it will allow the trading of Dogecoin on its platform from Thursday.

In a tweet, Coinbase says “starting today, inbound transfers for dogecoin are now available in the regions where trading is supported.”

“Trading will begin on or after 9AM Pacific time on Thursday June 3, if liquidity conditions are met.”

Coinbase says “one of the most common requests they receive from customers is to be able to trade more assets on the platform” such as Dogecoin.

The exchange platform is assuring consumers that they will always look for new digital assets.

Billy Markus and Jackson Palmer created Dogecoin as an alternative cryptocurrency. Since then, the joke went viral earlier this year.

How about bitcoin? Is is finally stabilising?

Coinbase made the announcement to add Dogecoin to the platform after a very volatile few months in the crypto space.

However, it does appear Bitcoin is beginning to stabilise again. This comes after the world’s biggest cryptocurrency recorded no price changes overnight.

Swings in the price have now fallen to their lowest levels since the beginning of the year.

This comes despite speculation that US financial authorities are moving to create further regulations, and become more active in the crypto market.

Bitcoin’s volatility percentage has fallen from its high of 162 percent on May 24 to 106 per cent today.

Fund-trat Global Advisors’ Tom Lee says “despite another set of ‘negative headlines,” Bitcoin actually “rose $2,000 dollars over the weekend.”

He can’t help but view this as “reinforcing the likelihood that Bitcoin has bottomed…given bad news is not creating new lows.”