Dogecoin price is surging after a significant change earlier this week.

 

Dogecoin's price has skyrocketed since it was reported that Coinbase will begin offering the cryptocurrency this week.

Trading will begin on Thursday, according to a tweet from Coinbase, which has piqued traders' interest and prompted a significant price surge.

Users can put DOGE into their professional trading accounts, according to Coinbase Pro, with trading anticipated to begin on Thursday “if liquidity criteria are met.”

In a recent earnings call, Coinbase CEO Brian Armstrong stated that the company would accept Dogecoin.

Following the announcement, Elon Musk sparked a brief price increase.

The Tesla CEO is a proponent of Dogecoin, and he recently retweeted a meme stating that Dogecoin will be the "new standard" for the world economic system.

Dogecoin's price jumped from $0.31 to $0.38 as a result of the announcement.

On Tuesday, Coinbase announced a partnership with Apple and Google that will allow customers to add Coinbase cards to their Apple Pay and Google Pay accounts.

Users will be able to purchase daily items with cryptocurrencies such as bitcoin, ether, and dogecoin while also collecting crypto rewards.

Payments made with the Coinbase card on the Apple and Google platforms will be converted to fiat cash automatically.