Dogecoin was last trading at $0.43 a unit Thursday - up 8.55% on the day as cryptocurrency exchange Coinbase Global Inc.'s Coinbase Pro application says it will start Dogecoin trading Thursday.

Dogecoin's price has risen almost 85 times to date this year.

Other cryptocurrencies like Bitcoin and Ethereum are holding on to gains Wednesday as well - with Bitcoin trading above $39,063 and Ethereum above $2,864.

In mid-May, Coinbase chief executive officer Brian Armstrong revealed the meme-based cryptocurrency Dogecoin would be listed in six to eight weeks.

It took 18 days to get Dogecoin added to Coinbase Pro but it is not yet on the consumer application

While Dogecoin started off as a joke, the cryptocurrency's value has been getting a boost from tweets by billionaire and Tesla chief executive Elon Musk.

According to Coinbase Pro, it will launch Dogecoin in three phases: post-only, limit-only and full trading.

"If at any point one of the new order books doesn't meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading," CNBC quoted Coinbase as saying.

Coinbase is one of the world's biggest cryptocurrency exchanges, and its Pro service is developed for professional traders.

Dogecoin is also available for purchase on Robinhood's app and through Gemini.

Dogecoin has dropped in value, like many other altcoins recently, after hitting a high almost a month ago. 

Then one Dogecoin was changing hands for $0.737 a unit May 8. Dogecoin has since retreated. It fell to $0.218 May 19, according to Coinbase rates Thursday.